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Tuesday, June 16, 2009

ProphetCharts: SPY


This is a continuation of Monday nights chart ....the plan worked almost perfect except the market tried to jump ahead of my time projection..HEE.. HEE......today spy put in a final 5th wave down with a very small 5 wave reversal diagonal triangle pattern at the end ( see my video on reversal triangles)...this is also called a Wolf wave .....so the plan for Wednesday is to buy at 91.50 ish and exit at 92.80 upto 93.60.... i will place my stop below 91.35 at 9125 this is a 25 point risk...with a 100 to 200 point reward ratio....


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