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Yesterday's spike rally
went high enough to suggest caution so my gut is telling me to be careful here.
In fact, I probably would not have shorted again had I been at my computer
yesterday morning to see the decline ahead of the rally which filled my order.
60 minute Advanced Get chart is attached although I'm not crazy about the count
where W.1 has the big gap ... my basic rule is that if it has a gap in it, it's
a W.3 of something. AGet is saying there isn't much downside before we get some
kind of leg up. Good news should be that pre-market is up which tends to be
bearish.
Earl
Earl,
In looking at this 60 min. Dec. ES contract it
appears to be doing a 4th wave. What do you think, maybe another wave
down to complete this sequence?
Ron
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