Needs to be one more wave up to 1580-1590 zone to take out these retail bears. Call it a final C wave up inside a final 5th wave up or something like that? Doesn’t matter as I’m not shorting until 1576.09 SPX is taken out. For all I know they could chop this around and not put in that new all time high until the next “eleven” day (which is the 10th, next Wednesday). Doesn’t seem likely but anything is possible.
Yes Peter… in about 60 days or less we should be making a bunch (assuming all goes as planned?). Then when they go out for wreck number 4 and bring it up… we’ll anyone that holds that long will probably be rich. 🙂
any target?
Needs to be one more wave up to 1580-1590 zone to take out these retail bears. Call it a final C wave up inside a final 5th wave up or something like that? Doesn’t matter as I’m not shorting until 1576.09 SPX is taken out. For all I know they could chop this around and not put in that new all time high until the next “eleven” day (which is the 10th, next Wednesday). Doesn’t seem likely but anything is possible.
I don’t think they’ll need a reason for this first wave of selling Seawind but I’m sure they’ll invent a good story for the May sell off.
Yes Peter… in about 60 days or less we should be making a bunch (assuming all goes as planned?). Then when they go out for wreck number 4 and bring it up… we’ll anyone that holds that long will probably be rich. 🙂
Nice to see a red day, but still looks weak to me
Nice to see a red day, but still looks weak to me
been locked out of email. Is the outlook still any good on that stock?, your first recc.
Well I’ll try to post again……
Thanks for the post Mr. Red….
Once a pullback starts…..What will the media say to explain it….hmmmmmmm North Korea????
New Newsletter Update…
IWM Chart analysis: http://niftychartsandpatterns.blogspot.in/2013/04/iwm-chart-analysis.html