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,
Technical Analysis of the Financials Markets, Swing Trading Speculation
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
Always remember, yours is the responsibility for your trades,
Good luck,
Erick
Sunday, December 11, 2011
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- Erick Stern
- From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com
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