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"

Monday, September 28, 2009

there is

so here is your wave 4 correction ... wave 5 and maybe we are done. or we are done.

4 comments:

Tony said...

Do you think wave 4 started at 1400Hrs?

Eric said...

We'll see.

You want to see a good clean Setup, before thinking we are going lower.

cause wave 3 can extend... bla bla bla.

and it's not all that clean a flag.

so how is that for hedging...

Tony said...

Is that what you were looking at? It looked like it was, but I'm not sure.

Eric said...

sure, but it could gap down and be more wave 4. we could break down and I can call it an ABC. We could gap up in the morning, and I could say wave 5. or it could pull back after the gap up and that would be wave 3, and the start of wave 4, only to build a great Flag...

All I'm really saying is that it probably isn't over.... but could be.

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