Nasdaq Composite – C wave looks to be in finally
June 15, 2009
After a long drawn out C wave that appears to be a diametric, or ending diagonal pattern, a substantial retracement finally seems likely. I would like to see it stay below 1875, in other words put my stop loss there on a short trade (or contingency stop with put options). I am still in the process of making a F-L-H-L chart for the COMPQ intraday for the most recent rally. It is extremely time consuming, but I should finish soon.
8:52 AM
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