Market Analysis
GL Pata, and thanks for the post. My wave and cycle work is looking for a short entry in the next couple of days to sub 1200 by mid-Aug. Not sure, but QE3 rumors may be dashed on Tue, and may be catalyst for next leg down.
Possibly we have more downside yes, but my take goes to the other side... I am a romantic trader :) hehehNo matter the side as much as the safety one implements at trading. Keep it safeGL
There was a nice hammer in S&P cash yesterday. I am thinking that as long as it stays above 1253 today , the bounce is in play.
GL Pata, and thanks for the post. My wave and cycle work is looking for a short entry in the next couple of days to sub 1200 by mid-Aug. Not sure, but QE3 rumors may be dashed on Tue, and may be catalyst for next leg down.
ReplyDeletePossibly we have more downside yes, but my take goes to the other side... I am a romantic trader :) heheh
ReplyDeleteNo matter the side as much as the safety one implements at trading. Keep it safe
GL
There was a nice hammer in S&P cash yesterday. I am thinking that as long as it stays above 1253 today , the bounce is in play.
ReplyDelete