SATS2 Trading for More Profit Part 2

Selling

On 04/25/2003: we sell shares 181*$7.54 = $1,365.

Of course we can not exclude that price will continue to move up. Reason why we have to set a re-entry point if this happens without a SATS2 signal. So, we will re-enter the trade if price moves above the last top (5).

 

We get a SATS2 selling signal and price moves down making a WXY double zigzag correction (figure 2.12) to finish correction wave {2}. We are now looking for the bigger up wave {3}. We have a first extension with already waves (1) and (2) completed. And now we have a SATS2 buying signal.

Figure 2.12: A new SATS2 buying signal after correction wave {2}.

On 08/08/2003: we buy shares 188*$7.26 = $1,365.

Price moves up with an extension in wave (3) and in wave (5) (figure 2.13).

We have reached the top of wave (5) and wave {3} now.

We expect the longer term correction wave {4}.

In the left top corner, you can see a detail of the start of the up wave, it looks rather flat on the big chart, but the SVE_Elliott_Count is really there!

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Figure 2.13: A nice wave {3} up with a SATS2 selling signal now.

We have a SATS2 selling signal.

 

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