Oro Valley, AZ
Experience: Advanced
Platform: DT, NT, Tradestation
Broker: Schwab, IB
Trading: Stocks & S&P
Posts: 20 since Jan 2010
Thanks Given: 10
Thanks Received: 15
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The S&P looks to be in position to make a multi-day high later this afternoon or possibly
on Friday. Specifically, a wave C of a higher degree W.B:4. There are several things that
need to happen before this becomes a legitimate trade setup but if the count is correct
the immediate upside should be very limited before the index has another leg down to
complete wave four.
As a trader you are always working with probabilities - not certainites and the only thing
you have some control over is risk :-)
Kerry
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