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aaudette wrote:
>
> I'm following December Live Hogs and my wave counting indicates that a
> Wave 2 Correction should finish tomorrow (Thrs 10/30) with a
> subsequent significant impulse Wave 3.
I agree that the market is heading higher at least short term. Where I
would disagree is probably the count. I see the larger weekly trend as
down. The third leg of a larger bear market completed on 10/20. This
rebound should be corrective in nature. I am looking at it as a fourth
wave. The C wave possible starting today with a projected minimum price
near the .382% fib level of LH Dec 97 64.60. Just an opinion.
Made a small profit going long on the a wave, but the b wave stopped me
out and took the larger profit I once had. Did not get back in for
todays rise. I plan to enter short when what I consider the c wave
nears the above mentioned objective and if the corrective count still
looks valid.
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