Monday, February 22, 2016 2:58:10 PM
Take this NJ chart for instance Quan.... on the monthly, it's looking like a nice short. Especially where it is in the wave count. It will bounce and it's tradable on lower time frames since bounces could be 200-300 pips maybe more. Overall sentiment appears to be down though IMO. So any upward movement is a short opportunity to add positions. If it is indeed in the first leg of wave 3 (the longest leg) then it still has over 700 pips of downward movement.
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