Wednesday, June 26, 2013

06/26/13: Re-shorting at 1600-1610

Loaded big shorts with another batch ready just in case we do reach the original target of 1620s.

CORRECTION: I'm starting to believe that we are in wave 2 of the bigger wave C wave rather than starting wave 3 of C.

I am currently looking for a dip down into 1580 then another launch up into 1620-1630.  This would coincide with the declining 200 hour moving average.

So down into end of June and then up into July 3rd, the day before Independence Day.

After that I think that could be the start of wave 3 of C.

We shall see!

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