elliott wave analysis of xjo & spi, page-29

The idea is that we see a 5 wave decline, then we have something to work with on a medium, term time frame.

Supposing we did see a 5 wave decline, so i would look to get out of a shorts, maybe around 5250.

But things chnage and if something happens that i am not expecting, then i will simply adjust to the market.

This is way to early to suggest long term or even medium term targets, i am not interested in those, I am simply trading the ideas i posted above.

I trade many markets, but i am fan of the SPI as i find it very easy to trade compared to the ES/SPX.

It counts really well, so if i can count a market and its a clean wave count, then i can find a setup that i understand and can control risk.

I dont trade markets i dont understand, but if my broker has it and i see a pattern i understand.

Game on!!!