Tuesday Morning Update

F beat the street by $.12, should be the catalyst to ignite the wave 3 I’ve been expecting for F.  My main count is also that the indexes are in a 3rd wave and wave 3s can be very difficult to enter if you don’t pick the bottom. This is why I ignored the pullback and looked to trade ahead of my indicators last week, and obtained an IDEAL entry for subscribers!  The pullback that everyone hopes for either turns out to be less than expected or much later.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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