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Chuck703VA

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Chuck703VA

Re: pegwatcher post# 35870

Wednesday, 10/08/2008 2:34:15 PM

Wednesday, October 08, 2008 2:34:15 PM

Post# of 52100
SOLD all QID PUTs as soon as I got the first breath of fresh air.......great day today, but just a small overall loss.

I am seeing it a tidge differently now.....I am seeing the move that didn't get to 1300 not as a failed ED, but as the end of and abc down from the morning high and this move up as a larger abc up where a=c approx and that would be completion of the "x4th" wave up.

I flipped into some QID calls for the next fifth down.

May be way off here, but thats what it feels like to me right now and wasn't going to hold those puts through another move down.....

Chuck

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=1212838,4&cmd=show,IDAY[N]&disp=e

My charts link is shown in my profile. The charts are usually up to date with my thinking or theorizing, but no guarantees on either.

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