Replies to post #46552 on Short Term Trading Member Forum

[Chuck703VA]

Ewaves, SPX

The recent dip from 1333 to 1300 was retraced to about 65% at this mornings turn back down.

I am counting the drop as a possible fiver and this turn as it's correction.

I am thinking this is beginning of 1.3.1 of the larger wave down.

INDU less clear to me.

And, I temper all that with the knowledge that of late there seems to always be "one more wave up".

Added to my UPRO puts last Wed afternoon. Holding.....