Yes, but wouldn't that be par for the course for options ex?.....in April, I remember we all were like, "what the hell" on some Friday options ex market action...it was not counting out right........this, after there were some clear signs (that breakdown was on the way)....Of course, that breakdown came as expected on Monday...but, options ex messed up the waves for a bit...
(If this sounds goofy, correct me)...I am expecting this A-B-C up for a couple days here...that it will look a little goofy....maybe not count out exactly right, but close....but, (my screwy view), it will be an "options ex" A-B-C....and it will be our corrective 2...getting QQQs back to 46
If we get to 2150-2170 by Thursday, and put in anything resembling a Wave 2 correction, I'll likely be jumping in pretty good....Although I would rather wait to clearly delinate the 3 of 3 here....I got a feeling it could get disguised, and we could launch on a gap down (Monday?) morning (when everyone thinks we are still in a 1 of 3, or even still the 2)...and that gap could be the 3 of 3...
This is all conjecture of course, but I am anticipating such a confused debate on this thread by end of this week (are we still in a 2? Is it a 1 of 3? etc.)..The chart breakdowns are too telling here, imo....after backtest, down.. |
