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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (190343)	5/4/2011 11:55:17 AM
From: hawkeyefan	Read Replies (2) of 209892

I might be incorrect about the financials and need to eat crow. The BKX might try and go to 52.50 or 53.00. Sold the SKF. The NDX has a five wave move down, but darn it, it could be a "c" wave down of an "abc" that started 6 days ago. The SPX does not support this count. I bought back my QLD at a good price this morning. Hope I'm right. Will know soon if i am wrong. We need to get back into yesterday's trading range soon. This is still a spot for a 3 to 4 day low. Hope yesterday's late afternoon rally isn't all the rally we get. Tricky right now. Need a rally now.

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