I am in agreement with other Ewavers that major corrective C wave is about to begin. The fed notes release tomorrow and the inflation data on Friday should weigh on the markets to trigger wave C. The markets are skiddish, and the indices have been making new highs on lower volume. Inflation data for April and May should continue to put pressure on the market and you can thank the tactics of our inflationary FED for that. Looking for energy to sell of here in the short term as well.
Short Positions on DIA and XLE
Started by
hedgehawk
, Apr 10 2007 09:00 PM
2 replies to this topic
#2
da_cheif
-
- Traders-Talk User
- 10,964 posts
Member
Posted 10 April 2007 - 10:01 PM
what ewavers.........the epicenter of primary wave 3 up is in its early stages ......
#3
hedgehawk
-
- Traders-Talk User
- 1,022 posts
Member
Posted 11 April 2007 - 08:26 PM
what ewavers.........the epicenter of primary wave 3 up is in its early stages ......
Was todays action a tremor in the upper dermas layer? Wait till Friday. This market is skittish.
