Tuesday, August 31, 2010

8/31 12:20

Futures count 3 up complete.  The final 5th looks like a diagonal so I doubt there is an extension.

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3 comments:

  1. AnonymousAugust 31, 2010 at 9:32 AM

    Steve

    Does that put us starting a 3rd wave down now from Mondays open?

    Jack C

    ReplyDelete
  2. CharlesAugust 31, 2010 at 10:35 AM

    Steve
    some people think breaking 1040 is September business rather than now, do we have enough I1 time to break through?
    Thanks
    Charles

    ReplyDelete
  3. Steve KotelesAugust 31, 2010 at 10:58 AM

    Up until this morning's rally I believed that we would have a head-fake decline below 1040 in order to clear the market then the rally into the September I1 top. This may still happen, but it will only be a false breakdown.

    ReplyDelete

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