in progress. no guarantees but so far so good . its really got to get under
the 50 dma and stay there
g
fwiw, the bkx looks like a 5 wave move down
Started by
gannman
, Feb 22 2011 11:38 AM
3 replies to this topic
#1
gannman
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Posted 22 February 2011 - 11:38 AM
feeling mellow with the yellow metal
#2
pedro
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Posted 22 February 2011 - 11:40 AM
problem is, the C wave in an ABC correction often has 5 waves too.
5 wave move is NOT a guarantee of a trend change.
#3
gannman
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Posted 22 February 2011 - 11:51 AM
iproblem is, the C wave in an ABC correction often has 5 waves too.
5 wave move is NOT a guarantee of a trend change.
no youre right so i agree wave count not the only factor
this week will tell the story imho
feeling mellow with the yellow metal
#4
spielchekr
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Posted 22 February 2011 - 01:06 PM
Just a little nostalgia. 
I vote banks "most likely short to succeed".
