Thursday, January 6, 2011

1/6 pre-open

Shorted NQ futures 2274.   We got the final 5 up to complete the 5's in SP, DJ, and NQ futures.  This should be reflected in a cash advance to complete their 5 ups.
Crude on target as well as gold.  I want ZSL at 10.85 or better on the open.
Tomorrow is jobs report, expect a decline after 10am all day to anticipate a weaker report.

2 comments:

  1. Morning, Steve. How did you know that iii was not v?

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  2. Futures fulfilled their count. Cash DJI looks like an uncompleted 5th wave up. DJI below 11,691 will cancel a new high and confirm 5 up complete in cash.

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