Tuesday, June 29, 2010

Elliot Wave alert

One of the big Elliot Wave writers states--huge declines to start soon, but watch for relief rally, but waterfall style declines could be iminent.   

That means, with 80% certainty that HBB will ramp the F out of the market. Seriously.   My stops will not get hit, in other words, I am looking at taking up to a 15% loss on leveraged positions.    If I set my stops at 3% or 5% they could get hit, followed by the so called waterfall event.

Everything I see says down....but HBB ain't broke, in fact they have stolen trillions and can deploy that to get more.

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Insightful and Useful Comment!