Replies to post #35887 on Short Term Trading Member Forum

[RCKS]

Chuck isn't because Wave 4's are flats and triangles often and those are hard to trade?

[pegwatcher]

Good point. Thirds are vicious in a bear market, esp. when there are nested thirds like we seem to have now.

I'm a spectator again, my trailing stop got hit but still decent gain for the day.

No sense going overnight long without any clear signs of a wave 4. Anything could happen by the open and I am concerned about those LEH CDS settlements coming up on friday. There could be more unwinding/cash raising before then, imo.