Edited by gannman, 23 August 2011 - 09:47 AM.
sp ewave update
Started by
gannman
, Aug 23 2011 09:38 AM
No replies to this topic
#1
Posted 23 August 2011 - 09:38 AM
from the bottom on the 19 it looks like we are doing a abc correction up. i have this as a wave 2.
we are somewhere in the C wave right now. mark has a sell so maybe this thing fades to black today
maybe not i will wait until the qqq trades under trades under 50.3 before buying puts. that level would
tell me wave 3 has started.
this wave three sb about 120 handles from wherever the C wave peaks fwiw
the resistance level on the qqq is 51.7 area
g
feeling mellow with the yellow metal