The wave 2 that is coming is a smaller wave 2 inside a larger wave 3, which should have 5 smaller waves inside it. I think the larger wave 2 is over, and we just had a smaller wave 1 inside a larger wave 3.
Red, is it possible that the Monday/Tuesday turn date you are seeing is a huge move up (i.e. short covering massacre)? What makes you think it is down?
What if the market placed a bottom (V) either today or tomorrow/overnight and then bounces for a couple of days making wave 2. And then the beautiful 3 down the tubes?
Red, I'm in it for the long haul and will stay short. That's why I didn't try to catch the top. I have been losing money for months but I truly believed I would be OK and hopefully now I will be.
Don't worry Red – it's never too late and I'm sure you will get your chance. I think the only thing I have learned from the stock market is to expect the unexpected!
OK, Red, I'm a jerk. I was on some other sites earlier and got peeved because I'm a long way from convinced that the prevailing count is correct….and I go and pop off on Anna's blog. Then I come here and see that your count is matching up to the other guys I saw! I'm sorry, I didn't mean to sound like such an asshole. And I certainly didn't have you in mind when I posted.
We are going down for all of next week, and possibly into opx the following week. I'm getting short tomorrow at the levels I stated, and staying short until next Friday. I'll re-evaluate the position then, based on what levels we hit.
It's hard to get them all right Dark. I missed out on this big move down because I didn't expect it until this Monday… so don't worry about it.
The daily's, weekly's, and monthly's are all rolling to the downside now. We are going down my friend!
The wave 2 that is coming is a smaller wave 2 inside a larger wave 3, which should have 5 smaller waves inside it. I think the larger wave 2 is over, and we just had a smaller wave 1 inside a larger wave 3.
Red, is it possible that the Monday/Tuesday turn date you are seeing is a huge move up (i.e. short covering massacre)? What makes you think it is down?
Hey Leo
What if the market placed a bottom (V) either today or tomorrow/overnight and then bounces for a couple of days making wave 2. And then the beautiful 3 down the tubes?
hong long… (red dragon).. thanks for sharing your thoughts… Just looked at options for FXI / FXP…. nice action….
Red, I'm in it for the long haul and will stay short. That's why I didn't try to catch the top. I have been losing money for months but I truly believed I would be OK and hopefully now I will be.
Ain't that the truth girl? Stay short if you're already there. I'll look for a bounce tomorrow to join you.
Don't worry Red – it's never too late and I'm sure you will get your chance. I think the only thing I have learned from the stock market is to expect the unexpected!
OK, Red, I'm a jerk. I was on some other sites earlier and got peeved because I'm a long way from convinced that the prevailing count is correct….and I go and pop off on Anna's blog. Then I come here and see that your count is matching up to the other guys I saw! I'm sorry, I didn't mean to sound like such an asshole. And I certainly didn't have you in mind when I posted.
Man, I should keep my big mouth shut sometimes…
We are going down for all of next week, and possibly into opx the following week. I'm getting short tomorrow at the levels I stated, and staying short until next Friday. I'll re-evaluate the position then, based on what levels we hit.