Friday, October 8, 2010

10/8 8:55

Crude is falling with the stock futures.  Crude complete a 5-wave yesterday spanning 4.10, a huge move. The abc correction was only 1.30 and lasted what appeared to be too short a time.  Putting in order to short again at Nov CL futures 81.075.
Dollar needs to break 78.40 to snap the long downtrend.  Currently flat.

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