Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Sunday, December 11, 2011

Again wave 2

Waiting for the end of this 2 wave could be an exercise of patience, I am completely and 100% ultrashort and with some puts to add a little interest, so my only action is trying to figure the end.

If there's some true in the “fractality” ?? form of markets, wave 2 looks at its end.


A relationship of equals between a and c looks improbable since wave c would end above 13000 so a 0.618 is with some high probability. That would put Dow at 12400 at the end of c. A more or less truncated c is in agreement with c of 2 of 1.


Time relationship, internal and external trendlines, put the c below 12400 at the end of this week or at 12500 at year's end.


And last but not least, the Dollar can make a last push before retracing and then not look back for a long time, the inverse relationship between markets and Dollar could work like this.


Buenas tardes,

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com