Thursday, June 18, 2009

Wave C Underway, Then More Declines; June 18, 2009

The attached chart shows a typical EWP wave count with a strong wave C underway right now. My projected target is the previous 4th wave area around 924 in the S&P futures and 927 in the cash index. This rally is an opportunity for me to get heavily weighted on the short side again.

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