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Wednesday, November 17, 2010

11/17 pre-open

The rectangle is holding so far in overnight trading.  Because a breakout did not occur overnight I am counting this as Minute4.  In the cash market SPX can count as 3rd wave down complete as it is equal in size to wave 1. 
Bought 4% SDS 27.32.
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2 comments:

  1. AnonymousNovember 17, 2010 at 5:56 AM

    Crude
    End of the inflation trade?
    http://99ercharts.blogspot.com/2010/11/crude_17.html

    ReplyDelete
  2. SteveKotelesNovember 17, 2010 at 5:58 AM

    Crude is signalling global slowdown and the end of U.S.-exported commodity inflation.

    ReplyDelete