Monday, August 22, 2011

BEAR Market Play of the Quarter 8-22-2011

Hi,

Assuming we are in a BEAR Market, and looks like one (time will tell).

I placed here 2 plays I am going to excecute and hopefully to able do it and make money in this Possible BEAR Market.

On Elliot Wave counts, it suggests that we are in the 5th wave down, and time will tell if we might be getting the A-Choice, or the B-Choice.

Counts suggest that Q2 GDP may be good to be true in order to pull the markets up for weeks/months time. And I have put below BUY margins into the market, I know this is a gut move, but if you want to make 5-12% gain in weeks/maximum 4 months. Better be brave and endure the news.

The Count suggest to buy at 10500-10750 level, and sell at 11500-11800 Levels. That's around 5-12% return.

This is a Bear Market Rally scenario: Chance to Happen 75%, Chance to dip more and below 10k instantly, 25%. Now, you DECIDE if you wanna play.

I AM NOT CLOSING THE BULLISH DOORS and still hoping that PRimary Wave 5 Elliot Wave to new highs will happen. This is just a Bear market scenario money making play.



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