Replies to post #4313 on Short Term Trading Member Forum

[frankp3]

Yep scary aint it. such a divergence.
I have to go with what I see, but wish we were all lined up.

Frank

[Chuck703VA]

Agree Denmo, someone always wrong.....

and I am often enough, but it sure looks to me that we finished large ED yesterday afternoon and should be retreating somewhat, perhaps a great deal from here.

We did break that lower TL of the ED this afternoon at 1446 area and it looks to me like the third wave is extending.

HOWEVER, how often have we looked for those third waves before....and futher, based on my Put position I could almost guarantee we won't tank.

[mr_cash4]

denmo/sent, (ideally) the bottom either this Monday/Tuesday (10/25-26), or the next Monday/Tuesday in 10 days (11/1-11/2).

[denmo83]

In retrospect...

and fortunately for my account, I was right.

This is not a rub, but a sigh of relief.

I place an order last week for 1075 contracts of QQQ calls. This was the biggest order to date for me in my trading account, aside from my 401k. It worked out quite well and I still hold the positions.

At this time last Friday, I felt it was going to be a sleep shortened weekend. It was. The thing that stuck out in my mind was the e-wavers. I'm faced with the same scenerio, although this time, I've got a comfortable cushion.

My question to the e-wavers is how does this week fit in from your analysis last weekend, and how if any, does it change your negative outlook going forward.

Thanks.