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楼主 |
发表于 2008-5-19 06:30
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Alternative outcome Let's just say for now that we have bottomed at 192.60. All factors seem to be in place. We had a capitulation, we have some dramatic dynamics in all markets, dollar may be stabalizing. And the carry may be back as a result.
Yesterdays price action if viewed from this perspective, suggests that Wave 5 of C did end at 192.60. The price expansion yesterday was significant, and the reversal after the fed looks to me as a possible trend change signal.
If THIS is the case then shorting may be very, very deadly. Perhaps we had a minor wave 1 or A up (60 min) to 201.77. We could be currently correcting in a wave B or 2 which may have already finished at 195.78. If so we should study the move off of this mornings lows to look for possible clues as to whether we are moving impulsively or correctively. Going down to the 5 min chart, it is possible that new lows are already off the table. If price holds on a closing basis above 196.50, look for long opportunities
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