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Non-Tech : Raptor's Den

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To: velociraptor_ who started this subject8/9/2002 9:29:59 PM
From: velociraptor_  Read Replies (1) of 10157
 
Hey folks....taking a quick break between seminars and having some fun. Trade Expo is great....learning a lot of new stuff and ideas for trading. I hope to incorporate the new ideas in the subscriber section over time and in my own personal trading. Took a peek at the markets a few times over the course of the day and I have to say I like what I see.

We have a definite 5 wave structure off the last low here in the form of a rising wedge. Each substructure has 3 waves which is also very clear. This pattern is ONLY found in C waves or 5th waves. Since we do not have 5 waves off the july 23rd low, this is a C wave and the falling volume confirms it as I have suspected all along. Real good chance we start down on Monday to at least test the low and even make a new low.

I should have an update for Monday.

Off to the beach bars!!

more seminars tomorrow
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