Thursday, June 12, 2008
Keep in mind that we are now in Wave 3...
Having penetrated the daily Bollinger Bands yesterday, a bounce was expected. But Bounces should be played now as places to sell or sell short. This will be the most intense wave, considerable more negative for the markets then the October to March drop(Wave 1).
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3 comments:
Mark,
thanx, I am looking for somewhere near 1360 to go short. Hopefully it will get there
Mark,
Covered my puts yesterday on the close, and looking to re-enter around 1355-1360.
I assume you have us in Wave 1 of 3right now. Do you have Wave 3 lasting about the same time that wave 1 lasted? Also, any targets?
Thanks
Hi John and Homer,
Yes, indeed, I think we are in wave 1 of 3..I will post a chart showing possible targets at 7/21/08, which keeps showing up as a potential turn date..which I would suspect might also be the end of wave 1 of 3...
Regards,
Mark L.
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