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Don
How ever you got there, I am very pleased for
you. I am afraid that most of what you said in the para below is all
mumbo-jumbo to me. It is obviously ace stuff for position players, but for
me, as a day trader, I have to keep it real simple.
So I played it from the short side also (actually thinking this was a
wave C of an ABC corrective pattern), despite the "volume" on the
right shoulder. I am still not sure if this is minor 4 of Wave 3 or Wave 4 yet
(the 5/35 oscillator in AGET still well above 0).
The implications of the ifs and buts of what you
are saying seem enormous to me. I am afraid that with the A-GET EW stuff,
I can only look back and see how super it is. I just don't see how
you trade it going forwards...
As for the PPI tomorrow, as usual I shall be out of
the market before the report and will just watch the price action after it, in
accordance with my normal play of patterns and res/sup and what looks a decent
r/r/r for a trade. If that turns out to be a "news reversal trade" then we
should both be okay - again!!!
Best of trading
Bill Eykyn
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