What if I was wrong?
As I said before, I struggled with finding a wave count with which I was comfortable, but I then settled for one that (by the time I published my thoughts) at the end of wave 3 therefore going into a corrective wave 4. But what if we actually were at the end of wave 5? Unlike previous times, I don't feel so sure about the probabilities of any up or down movement, so this is what I have in mind:
1) I stand aside and wait.
2) A consistent (no sudden spike, no low volume) upward movement that breaks $8300 will make me go long.
3) A consistent downward movement that breaks $7700 will make me go short.
What are your thoughts about this? What's your current analysis of the market?
1) I stand aside and wait.
2) A consistent (no sudden spike, no low volume) upward movement that breaks $8300 will make me go long.
3) A consistent downward movement that breaks $7700 will make me go short.
What are your thoughts about this? What's your current analysis of the market?
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