Monday, May 17, 2010
Possible finish to this wave`~~~~
Hope everyone had a nice wkend and a good start on this Mon. I myself could not make it for the opening bell.. darn.. that would have been a great buying opport. for a short trade... so where are we? thats the question.. with ending the day on the upside, we could be starting a nice "C" wave retracement for a 2nd wave. Funny though.. I think that the oil leak may be fixed by morning.. and if it is we could have a big push up from the market.. and oil could take a major bounce... but, it has broken some really major support lines.. its just a thought...OK, so thought #2... what if this move down was just a minuette wave 1 and we already did an A,B, and we are in C of 2.. and we go up a bit in the morning, just in time for Walmart to give some good news but bad #'s for the quarter ahead...hummmm that could be the straw that breaks this camels back... so, I have not a clue what most of you are in right now.. for I need to even recheck what I have myself in right now... I'm currently in TZA, SDS, QID, but I had sell orders in.. so I could be out of some trades right now.. but if this baby goes up... we know that the Euro.. has got to be in a 3rd wave down.. if it corrects it is in a 4 got it.. and will go up as the dollar goes down.. but we should have one last push down with the euro before it has a larger correction... sooooo.... that means we could be in a 4 too... see how all of this sometimes sucks... 2's or 4's larger degree's, smaller degrees... hummm I will go see what the big boys of Georgia have online as their call... will update in the comments...later>L
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