Futures Trades

Tuesday, May 23, 2006

 

The Fuzzy Update

Some people hate Elliott Wave theory. And some people hate the way I do Fuzzy counting of Elliott waving. And that's OK. Some people just don't get it. YM has done the fuzzy counting proud. And the Vector swing trading system has done itself proud too! That latest swing short signal today nailed it for a quick +170 points in the space of 1hr 40 minutes. And it ain't over yet dudes.....I will be likely holding now for 5 more subwaves down ..... perhaps to levels of 10800 or so.

Here's the latest. The concerning thing is that it's going to break a major C support area on the Dow. That's "Uh oh Mildred" time dudes. Until the bull gets its hocks back over the C after this dump I strongly warn everyone against establishing new swing longs unless you are nimble, and disciplined. Scalps, no problem. Do not compromise stops at this time. It could really bite hard if you do. Hedge if you're long and not sure what to do. There are critical times to hedge, and a C failure is one of them.

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