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Public blog posts only as education and entertainment. private membership market updates reflect my view and analysis of the market. The information contained on this website and from any communication related to the author’s blog and charts is for information purposes only. The chart analysis and the market comments do not hold out as providing any financial, legal, investment, or other advice. In addition, no suggestion or advice is offered regarding the nature, profitability, suitability, sustainability of any particular trading practice or investment strategy. The materials on this website do not constitute offer or advice and you should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action. It is up to the visitors to make their own decisions, or to consult with a registered professional financial advisor. And i absolutely discourage trading options.

Tuesday, May 11, 2010

rut two options - medium bearish & extreme bearish

W-X-Y-X completion is medium bearish version.

W-X is the extreme bearish version.

i will try to resolve it - i don't like alternate count, i only want one count - never both bullish & bearish option together - how could i trade that with self split opinion?

but at least counts choices should be in the same direction, not opposite, imho.

look at the crash line, that's one of the reason i knew 2 hours prior to the market was going to crash on May 6, there are many other setups need to qulify the once or twice in a life time crash scenario. the setups is exactly the same as 1987 Oct. even i knew the potential 2 hours beforehand, but still too fast and too short in time (1200 DJIA round trip points in 15 minutes) for me too react. i had a write up & posted about this during the weekend.

ps. if you use my chart or t/a, please show the courtesy.