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

"Sell down to your sleeping point"

Wednesday, March 18, 2009

Some targets

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.

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