Friday, July 1, 2011

7/1 12:45

The SP futures count is almost complete as well.  The counts are clearer after this last rally. 

I'm using a 1-minute, 75-unit M/A of NQ futures with an envelope of .05%, or 1.5 points to signal a break. 
If NQ is in a small wave iv and goes sideways into a rectangle then this M/A will flatten and lose it's effectiveness but by then a longer M/A will catch and be viable.

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