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techcharter

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techcharter

Re: Chuck703VA post# 46363

Thursday, 11/17/2011 5:35:10 PM

Thursday, November 17, 2011 5:35:10 PM

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Chuck 3-3-3 may be over.

As you're thinking, some sort of corrective bounce is due. Using the August selloff as a model, today may have been a smaller degree wave 1 with gap down days ahead. The August selloff was tough to catch the small bounces, so holding a short position for a couple weeks might be a better strategy going forward.
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