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[gannman]

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

Edited by gannman, 23 August 2011 - 09:47 AM.