Friday, July 9, 2010

7/9 pre-open

Market made a rectangle overnight and allowed the 10-minute M/A to catch up.  Market has a hard time correcting.  Even though the wave count indicates a deeper correction can occur I have an open order to buy 2% SP futures at 1060.25 on the 30-minute M/A. An upside breakout from the rectangle will make hash of my count.

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