Tuesday, April 19, 2011

4/19 8:30

I have an order shorting 1% GC futures at 1489.40 based on the 10-minute M/A minus 4.2 points.
GC is available in the ZG and YG light forms.


  1. Steve,
    Are we sure that the market is back "in tune" with I1 or still working off that offset delay you pointed out a few days ago? If so, it could shift the peak a couple of days so you may have to hold before results.

  2. I'm not sure if the offset is still in there. SP 90-minute M/A is at 1318 and is a good short there with a completed wave count.

  3. There's also a NYMEX 10 ounce mini gold contract (Symbol MGC) that usually trades with about a $.20 spread. Not bad for a low volume contract.