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Re: Myself °¿° post# 3220

Monday, 11/17/2008 8:34:09 AM

Monday, November 17, 2008 8:34:09 AM

Post# of 4839
I lost the detailed post I just made so here's the readers digest version
What a weak abc for 2 of 5
I had a grasping at straws thought friday after the close
...can oex/xlf do a flat to up 5 waves for 2 of 5?
Looking at this am's ftse cac dax % loss I have to say I don't think so.
I could be wrong but I think 3 started before I left friday.
I should have taken the gains.

If 1... 394.54 is breached then 3 down of 5 is definitely in motion... (big money for shorts)
350 is a round number and would be nice to see for 3
then a bounce in 4 to just under 1.
You know how 4's go.... up down up down up down swings
Here's the kicker...
3 could be the bottom of this.... if wave 5 is truncated/failed

xlf premarket trading just broke the 50% retrace...




3 needs to flush all this and more?


then I would like to see a big move up to...
@ or near the 200sma 500/550?

and eventually making a new low well below 350 by this time next year

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