In EWT you have 3 legs in a correction. A B and C.... The A and B legs are the same Legnth... mostly. If Monday was the corrective B wave The target we get is about 85 on the SPY
If we get a solid correction here at the 50DMA, the target is some odd 90spy
It's always good to fade these drastic targets of mine.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, March 18, 2009
Some targets
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