June 17, 2009

06/17/2009 Intraday update

3:41pm

my preferred count.  Original drawing yesterday is enclosed in the graph…

 

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3:03pm

very short term, uptrend is not violated. not short entry yet.  could be sometime tomorrow or Friday.

 

1:55pm

i don’t think you felt panic as a bear when you saw the last half hour rally.  it’s all right, just hold on and we are not there yet……

 

1:38pm

upside correction will last for a while.  i will let you know when we get into the short zone.  2nd entry is the best entry point…

 

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12:58pm

our wave structure is nothing wrong.  but i am not sure a corrective is done here.  if so, that’s really a short one.

 

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12:29pm

1min chart.  potential wave development. 

 

 

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12:04pm

covered BAC.  $1.5 profit in three days.  still has other short position real time posted on trading blog. 

 

 

11:46am

even you know there may be a rebound coming, you don’t not to dip in longs here.  Play on one side is much safer.  just a remind…

 

11:39am

the subwave may not have finished yet and we will see another small down leg to 90.5 region. 

 

11:21am

no surprise from the market.  everything fits into our plan.  we will see some reversal from here.  some people may buy dip and call bull market continues, but time will prove, this is a bull trap…

 

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6:38am

Now future indicates a tiny gap down.  the chances of filling the gap will be very high if market open here. 

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