Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: rcksinc who wrote (1666)	8/22/2008 12:56:39 PM
From: jjstingray	of 3209

Actually, that read is not quite correct. Your wave 4 cannot breach the move up on wave 1. I think we are both talking about a similar move. I think a move up to 1360 is possible, but it has some obstacles it has to get through first. As I mentioned the other day, banks are doing their thing. I think we are seeing C moves up in those stocks too. If we get that high, I will evaluate what the move looks like at that time. I have had a position in JPM for about a week now. Let's see if it can rally with the rest of the banks.

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