Elite Swing Trades

[SwingKing]

yeah, that's the $20 +/- move I was talking about. Now with that I should also add that all of the major indexes are not showing the same count. That's not unusual given the consolidation we've been seeing. I also want to point out that the second wave lower can take a while, corrective waves do that to shake out those not committed to the trade. It's usually the 4th wave that takes the longest but about 20% of the time the 2nd wave can take longer than the 4th. When you have a 2nd wave that drags out the 4th wave usually goes quicker. So we could be in a situation where IWM just grinds lower while the other indexes are doing their thing and it can certainly turn higher while the others continue lower. My whole point is they don,'t have to move together, lol.////././/./;

This is the chart I use for my long term investments. It's a simple two RSI/ two MA system that works great IMO. This is one of the most accurate investment charts I've ever used and the signals are so clear to understand you don't have to think about that it's trying to tell you.