Replies to post #8566 on Short Term Trading Member Forum

[SilentOne]

Hi Cash,

Thanks. I often read your cycle posts along with airedale here and look for confluence with my own readings. I have the wave up from the late Jan lows as a "B" wave. We now should do a "C" wave down into the next cycle lows. I am looking for a major fake out which topped Friday or today.

If you look at the Jan. decline, it is hard to give it a clear 5 wave "C" down finish. It looks more like a 3 wave "A" wave decline.



I'm now 2/3 short SPY/DIA.

cheers,

john