Friday, December 18, 2009

Wave {ii} Retracing over?

Looks like three solid waves long may be just about finsihed. May finish up around 1.6150. The question is, "will that be the end of {ii} or will it become a more complex correction longer" Don't know. Only time will tell but I am comfortble getting in short at 1.6150. That will let me take profit from a short B wave retracement or I am willing to let it go against me with the confidence that it will turn short soon begining wave {iii}.



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