Tuesday, February 2, 2010

Wave A complete?

With today's action pushing up strongly, we have the makings of a completed minuette wave A with our subminuette wave c being 1.382x wave a. Tomorrow should see some renewed selling with a wave B target of 1087/1089. Then we should see bullish activity the remainder of the week.

Stay patient and let the bulls push the price to you. Once again I'm looking at beginning my short position around 1110 and Thursday/Friday depending on where we are in the market.

Best to your trading!
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