Thursday, April 24, 2014

August feeders… wave 3 coming to a close?

August feeders are counting as prices may be close to putting in a top around the 184.25 level to finish this wave 3. A deep correction to at the least 72 price area should occur if this count is correct. As you know I normally don't like to get in the way of wave 3's as they can extend but I may take a small position in this market @ around 84.00. As I believe this is the end of a w3 extention here. Watching for now. 

No comments: