NYSE update 08/22/2013 and projected B, C-wave targets for Major 4 (red and white Fib levels, respectively)

nyse update and project B and C wave targets 08222013

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10 thoughts on “NYSE update 08/22/2013 and projected B, C-wave targets for Major 4 (red and white Fib levels, respectively)

  1. soul, good to have you back posting charts again. what’s your opinion on TLT? i believe the AI gave a buy signal on both the daily and the weekly (please correct me if I’ve misinterpreted the AI in this case). could yields be dropping again and no tapering on tap?

    • For now I am looking at the 20d and 34d SMA as targets on the SPX. But tight stops are prudent and in place since this is IMHO counter trend trading and one can therefore never be too certain.

      I only trade SDS and SSO for the moment, SPX related, so I can’t tell you about INDU related tickers, sorry. However I have been thinking about switching.

    • Student, I am more of a swing trader holding positions for days to weeks so checking several times a day may be excessive. But, first things first; I need to create a “my trades and positions” page. Stay tuned!

    • Student, yes I am long (SSO). I closed my shorts (SDS) yesterday at SPX 1642 for a 50p gain and went long. I also bought more longs at the open today. I am looking for a 30-40p gain. I will go short again to play the C wave down. This is fun, easy, profitable trading on both sides.

      Let me know if you want me to start posting my trades?

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