Friday, January 14, 2011

1/14 pre-open

Stopped out dollar 1% 79.31.  Will re-enter on 10-minute close better than 16 cents above 10-minute, 145-unit M/A close.  Current buy stop at 79.61 on a 10-minute close, but this is declining over time.
The stock market has continued in the wave (iv) process in the futures but cash count is that wave (v) has already started.  DJI cash taking 11,700 will tell me that this is the wrong count.  Futures 30-minute M/A sell signal will occur on a 30-minute close below 1275.  Wave (i) high in futures is at 1273.75 so this area is full of information.

1 comment:

  1. Steve

    Wave 5 may be over could go eather way here.

    Jack C

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