Monday May 9, 2016

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4 Comments on "Monday May 9, 2016"


  1. Storm-

    With how choppy this move down has been, it would be hard to consider this a motive wave in Elliot wave terms correct? Seems like we have had a lot of overlapping waves. Though I agree with all of your analysis, I think we double top at ~2110 before roll over into the big wave down.

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    1. I’ve given up on EW. I see what you see, but there are all sorts of patterns that a person can squeeze in to fit their bias.

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  2. Storm, i don’t understand your trading strategy on VXX. You should have exited last Friday knowing this kind of bounce was coming. It was a VXX bloodbath today! I’m getting buy signals on all time frames up to the four hour charts. Slow stochs gave buy signal on daily as well. This might be a strong wave 3 up! What are your internals telling you? Did u get a buy signal? Last hope for bears is the expanded flat option ending in this area or 2090.

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    1. I am not a day trader. I am a swing trader looking to capitalize on longer trend moves.

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