Quick note

I’m still studying Elliot Wave theory, so my counts are amateur level at best.  I’m still ambivalent about the current situation in the markets.  We obviously broke above the rising channel that was formed in the SPY but it remains to be seen whether it’s a blow off top and we have quick movement to the downside or if this is an impulse wave and the beginning of a new rally.

Must be prepared for every scenario, only way to win.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: