ED Alert
I have been out of touch with the board of late but today reviewed the last month of posts. I have definitely been sensing a very large ED in the making.
This activity today could be ED3 with a decline of fifty S&P points to make an ED4 followed by top breaking the highs in January. The other possibility would be that this is the ED5 wave itself, more immediate than the first alternate.
Interesting in the light of the announcement on trade going on as I type this.
Saying I see an ED in the face of what could be the jump off of a huge bullish move might mean I should be taking another vacation from the market.....but this wave up from the 2600 area looks very wedgie. I am holding some in the money calls on the UPRO and decided to hold on to them through the evening, a blow off to the upside would pay nicely, but nervous here for the downside too. I held larger position for a while at this level but the expired out last week. Timing sucks.....again.
Good luck all.
Chuck
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