Aug 4, 2014


It is taking too long so I think we are already in wave 4 red. I am sure the short term traders will trade the last move, but it is important for swing traders to spot the bottom of the move too. I think we will see at least 50% retracement around 1950... I will not be surprised to see even 1965. So I think swing traders should take profits and open longs... plus I can be wrong and the indexes could make one final high:) who knows.

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