More realistically, we could potentially hear similar Super Mario type comments. I assume this should create a massive trap and everyone that is going to cover or go long, will by that point. Then, we are ready for a downward "C" wave. I am not much of an Elliot Wave guy, but this seems straight forward when looking at the charts. So a deeper wave down than the one in May.
Just my 2 cents...
All we need is some good news
Started by
TTrader47
, Aug 07 2012 03:56 PM
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#1
TTrader47
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- Traders-Talk User
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Posted 07 August 2012 - 03:56 PM
As many of you know, markets tend to top on good news and bottom on bad news. In an effort to get a "perfected top", I am looking for some good news late this week or even early next week. Maybe the ECB will let Europe know that it just moved the decimal point a few places to the right on all of their loans More realistically, we could potentially hear similar Super Mario type comments. I assume this should create a massive trap and everyone that is going to cover or go long, will by that point. Then, we are ready for a downward "C" wave. I am not much of an Elliot Wave guy, but this seems straight forward when looking at the charts. So a deeper wave down than the one in May.
Just my 2 cents...
More realistically, we could potentially hear similar Super Mario type comments. I assume this should create a massive trap and everyone that is going to cover or go long, will by that point. Then, we are ready for a downward "C" wave. I am not much of an Elliot Wave guy, but this seems straight forward when looking at the charts. So a deeper wave down than the one in May.
Just my 2 cents...
