Thursday, April 15, 2010

I'm calling the ED dead... price has refused to collapse and we did get to 1213 and change at today's high. If price were to collapse from here, then in the end that is how I would label it, but I'm not expecting any exciting moves with tomorrow being options expiration day. Support for the wave 4 move should come in the 1203/1205 area. Technically though it could go down all the way to 1200 and be a valid wave 4. A touch of 1196 tomorrow would be bearish, so I'll watch what we do any down move. My game plan hasn't changed from yesterday.
blog comments powered by Disqus