Wave 3 of 3 of 3 down in S&P has begun...

Discussion in 'Trading' started by PaulRon, Oct 4, 2010.

  1. PaulRon


    Goodbye stocks, sub march 2009 lows from here.
  2. LEAPup


    Never underestimate the power of the hanging man left behind at the top... The Japanese see this, and sell, or short. They don't wait for confirmation...
  3. Timeframe?
  4. PaulRon


    Wave 3s are usually fast so within 12-18 months
  5. So, as long as we stay below SPX 1148, this thread can last 12-18 months? [​IMG]
  6. Where is your stop?
  7. Interesting but don't think you will have follow through.

    PPT and Feds are on standby.

    Once this thing picks up momentum on the down move...

    Rally will happen.

    Sorry boys, your not trading free markets anymore.
  8. Some nice looking bearish patterns on the daily Dow:


    I should add that the D S&P looks much the same.
  9. PaulRon


    I created a thread on friday shortly after I went short around 1148-1149 S&P cash

    1150 on S&P is strong resistance


    My stop was just above 1150 S&P cash. I used HSD.TO (2x s&p bear etf) and my entry was 12.99 stop 12.90. In anticipation of breaking the march lows I'll be holding for months or years and am looking for the etf to triple or quadruple or more.
  10. PaulRon


    And an update:

    #10     Oct 4, 2010