Skinowski- What I find significant here:
A "bullish" count would have a "3" starting after this corrective 2....
A "bearish" count would have us starting a "c" after completion of the "b"..
Notice, both of these point UP....I find it quite comforting when BOTH bull/bear scenarios point in same direction...the trading Gods are going to make up for this jello, it seems.
As well, following the "3" or "C"....we should have a correction and/or DOWN.....again, agreement, and should be a nice risk-friendly trade op. Of course, the wave nature of the "3" or "C" should let us know which is which.
As a result, I have been stepping back some from the market (no big bets)as of late...waiting for this thing to sort out....I do like AA's preferred a-b-c-d-e conclusion of the "B" for now....and may play that some. Let's delta hedge up next week, and get the bears down to single digits, and then e into the August 5th turn, OK?
But when you've got preferred scenarios (coming up), big moves that agree...well, that IS something to be patient about, and look forward to! (pardon bad grammar).
(NOTE: I don't know any wave count that has us collapsing below old lows after this jello of the past couple months.....if so, anyone, PLEASE let me/us know toute de suite! ng) |
