Yining and Yanging. My thought process during corrections goes like this. One leg down then bounce. Followed by a retest. The retest should take out the low by a little and then we buy. If it starts being more than that, I look for a move going about 1.6 times the first leg down. Then a rebound equaling the first move up, finishing with another leg the size of the first leg down. My version of the wave analysis. If this is going to be a simple correction, in my books the market needs to find its low 2-3 percent lower or we are in for a bigger 5 wave decline.
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Again the after hours futures look bad.
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The numbers:
Stocks: Gross +35 net +32 shared traded 1000
Stock futures: none
Forex: none
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