Friday, August 13, 2010

wave count 2


This is my wave count. Wave count is important in determining where we are in the market. Knowing where we are is very important because it tells us when to buy and when to sell.

Wave 2 began at dow 8250 and ended at 11250. Wave 3 down began at 11250 and small wave i ended at 9500. Wave ii ended at 10700. Wave iii is now in progress and today is at 10250 and headed lower.

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