Thursday, October 02, 2008

Wave 3 of 3 of 3 Down?

Interim Update: I've been looking at charts all morning and the same pattern is emerging: all major equity indexes may very well be in Waves 3 of 3 of 3 Down. Now I do not have time during trading hours to explain, but anyone who read Robert Prechter's Elliott Wave Principle will understand what I am getting at here.

If indeed this is what is happening, then it is a rare trading opportunity on the downside.

Nothing in trading is a certainty, we can only measure probabilities and act accordingly. The probabilities of a DJI move to 7000-9000 before year's end are growing.


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5 comments:

Anonymous said...

now i deemed to think of QID seriously
Allan, got any ultra short similar to QID sheaper in price?

Allan said...

Yea, calls on QID.

curt504 said...

Just wondering why NNVC didn't file their required financials on time and now have an E in their trading symbol, NNVCE ?

Hmmm, irksome for a company with amazing technology.

curt

Allan said...

When a company that trades on the OTC Bulletin Board (OTCBB) becomes delinquent in its reporting obligations with the SEC (for example, it submits a required filing late or in an incomplete form), the letter “E” will be appended at the end of the company’s stock ticker symbol. After the “E” is added, the company is given 30 calendar days (60 calendar days for most foreign companies and domestic banks), known as the “grace period,” to become current in its reports.

Cruiseguy said...

doesnt even look like nnvc is trading today...