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Monday, August 17, 2009
Mon Aug17
12:30 Closed lots of short positions HGG, FXI, INTC, FCX shorts, a few SPY puts, a few QQQQ puts. We are still keeping some. Wavewise, today's gap down was some sort of a wave 3. That means we have more downside to come. All this fits perfectly with our short term cycle turn date for the Aug 22nd (+/-). If our wave count and timing is on the dot, we expect waves 3,4,5 of this first downleg (from Aug 6 +/-) to finish by the end of this week/early next week.
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3 comments:
I like your work over all. I check your board daily usually.
No one gets it right every time but you do more than not and have good advice at times and enjoy over all reading your blog.
I still remmember when you called a good entry on two airlines way back when. I believe one was United and the other LUV.
I read your blog once a week and I enjoy it.
Thanks good people.
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