Wednesday, November 19, 2008

hmm 5th wave from 918 is supposed to be 99/111 or 140 points long

well

i said i was going to be bearish from 855 to 807 and bearly accomplished the task

now that the S&P has fallen to new lows on a closing, print and hourly basis, I have to start believing that either it is the end of the 3rd wave down from the Obama election (1003.2 hrly 1008.5 print) and a rally back towards 1130 over the next few months is coming

or

this decline from 1008 has to unfold to 758 or 608

for now i got out of some shorts and hope i am right

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