simple guy Posted February 1, 2003 Report Posted February 1, 2003 SG dings in on Saturday late afternoon. Crunched up the ole wave machine, and albeit differing from many "experts", thats a good sign for me. I see a wave 3 unfolding now in several waves (5 total). These just started late on Friday after hitting 24.76 high... I see it as below... near term 22.45 is my target... a moving target, but generally, its been moving down, and not up... I will cover at 22.45 and re short the expected bounce (why?... I can buy more shares with the same $$)... more on that another time.
Dung Beetle Posted February 2, 2003 Report Posted February 2, 2003 Hey SG, great work! Your accuracy is truely remarkable!When we bounce at 22.45 (or thereabouts), how high do you think it will go? I was planning on ignoring all the noise until the vix spikes over 50 which I was estimating to be around the october lows. Is this bounce really going to be worth it? (I am maxed out in ryvnx via ameritrade so unlike stocks the funds aren't immediately avialable when I go to sell) Trade safe
simple guy Posted February 2, 2003 Author Report Posted February 2, 2003 Q updates 23.33 would be the bounce from 22.45, roughly, possibly a tad higher... will worry about that later...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.