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Strategies & Market Trends : Humble1 and Swing Trading Friends -- Ignore unavailable to you. Want to Upgrade?


To: Fintas who wrote (4603)1/9/2011 12:17:19 PM
From: robert b furman  Respond to of 41060
 
Fintas,

When posting to me,never worry about spelling or punctuation.

The value in your posts far exceed the grammatical errors.

Enjoying what you share is the value.

Thanks

Bob



To: Fintas who wrote (4603)1/9/2011 7:17:42 PM
From: robert b furman  Read Replies (1) | Respond to of 41060
 
Fintas,

I told you incorrectly on my market expectation earlier today.

I'm thinking we 've entered a C wave down from last weeks Friday.

It should not last much more than 8-12 days and take us to the 1225ish range.

That will be true if we have an irregular running flat.

An irregular flat would take us to 1170ish

There is also the possibility that we have a running flat.If so we'll stay elevated and go sideways to slightly up.

Then later this month as earnings come out we should have a nice final wave up.Maybe 30 days - but 5 th waves can also extend and they can truncate.

How that debt ceiling limit gets handled could be huge for either.

So short term down followed by a nice run up - then some dwn for a month or two.

BWDIK

Bob


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