Monday, August 2, 2010

8/2 10:15

The market just breezed past the 6/21 high on a extension of the 1st wave off of the Friday low (futures).  I1 is up through next Friday, so the target that I have is 1145.   Market is completing the 9th now, which will complete the first wave.  I got flat at the 6/21 high (and it's equivalent futures number before cash opened).
Will re-enter on the pullback.  Once the 9th completes I'll get an expected re-entry.  This wave completes a 3-wave up in the cash market. 

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