The Wave 3 pattern is strongly suggesting much lower prices deep into the 4th quarter. The Next FOMC meeting is Nov 1-2 and as has been pointed out in this service once before: WATCH OUT! Premium Service Buy & Hold* Option Positions *Optional 50% trailing stop Big Picture - IYR About To Take Out Jun Lows IWM - Using Fib Reversal Zones for Shorter-Term Entries For more active traders these Fib zones have been doing a good job of providing entries for "the next leg down." This is especially helpful if using 50% trailing stops on initial positions.
