ratan...i couldn't possibly bear the weight of trying to make a call of what someone else should do with their money, it is unfair and may cloud their judgement. these reading are so subjective that mine or Davids may be in the same general direction but differ by a hour, a day, a week. because of the time premium on the oex i might think there will be an interday rebound of 3-5 pts and yet your gain in absolute dollars could be near zero, unless you are will to play at least several thousand $$$$ at a crack. MY FEEL right now is that as far as waves go, this is 4 of 5 of the 1st wave down of the Big Wave 3( the whole Big wave 3 is a down wave, broken into 5 smaller waves, which inturn can be broken down even farther) Big Wave three will in theory will be #1 down, #2 up,#3down(big) #4 up and #5 down,....and remeber that each of these can be broken down further. this post is taking time to write, but when i started i was seeing it as wave #4 (up or consolidating) of 1st wave(down) of the Big Wave 3. my guess is that resistance for #5 at or just below 1095-1100 S&P cash. that ends 1st down wave of Big Wave 3, then #2 starts and, in theory, would be a recovery(up or consolidation, with 5 waves within).
must go back and check prices now
Carl |
