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Saturday, April 24, 2010

Weekend Update 4/24/10

Looks to me like "ramp up" Monday could very well give us an important top.  EW pattern is playing out as anticipated, my read is we're in "c" leg of the 5th wave of an ending diagonal which is terminating the bull run that started Feb 5.  I'll be looking for the sell line on the Vindicator Buy/Sell to make a bottom to dictate a short ES trade.

1 comment:

  1. Really appreciate your insights. looks like you have a good system. At least it kept me away from the temptation shorting these past 3 days which would have been a disaster. Thanks.

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