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Thursday, June 17, 2010


I Bought some DTO on the break back below of trendline on OIL. Also sold half of SOL. Still expecting more time for minor 2 to complete. We may be in a b wave lower and then a c higher to complete 2 and then all hell breaks loose in wave 3,3,1

Monday, June 14, 2010

Whoops I was wrong

Looks like i should have been more patient in waiting for a bounce. SPX looks to be bouncing in wave 2.Confirmation comes above 1106. Retrace targets are up to 1150. Looks like the bulls are getting their mojo back for now. Wave 2 should last 10 to 15 trading days and were in day 4. I bot some IMAX EBIX AND SOL

Sunday, June 6, 2010

Bulls in trouble!

I have been really busy branding fencing and getting the house ready for the baby and haven't been around the computer much at all, but it looks like bulls are in trouble this week lots of wave counts most showing us going lower some alot lower.The SPX had a bad day revesing at the 200 day and closing under the 13day again. It looks like it could get real ugly under 1040 and maybe bounce just under 1000. I got stopped out of all longs on friday and waiting for a bounce to short. I knew I was overstayin on the long side but we should get a chance to enter short this week hopefully before my pregnant wife and I have our first child hopefully soon the due date is the 9th.