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Monday, July 26, 2010

Monday 7/26/10 wrap up

A little bit of back and forth on the ES today, but resolution was up in the end.  Market seems tired at times, yet it keeps on marching up, so maybe it's me that's tired. 
No change on Elliott count from Saturday's post:

Vindicator Buy/Sell treading water, 30 minute V Stoch is diverging against prices.  We should see some consolidation after 4 solid up days, the questions are: 1. will it be more than a consolidation, 2. when?
Posted by Apple Al at 5:31 PM

2 comments:

  1. AlphaJuly 26, 2010 at 6:37 PM

    Great stuff, Al. It's definately time to take profits and await a decent re-entry. Would like to attempt to short if we would test that bottom channel, however, with all that activity in the 1090 area, it may be too risky for me to trade against the trend.

    As soon as your selling pressure line begins to tick up, I'll start taking profits. Hopefully there's a little follow through tomorrow morning as we closed at the highs of the day today. Good luck, everyone.

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  2. Apple AlJuly 26, 2010 at 9:22 PM

    Sounds like your long, congrats. I agree, I believe 1090 area is definitely support. Also, note that Vindicator feed is now available here in right sidebar, click green banner.

    ReplyDelete

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