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Tuesday, August 10, 2010

Tuesday 8/10/10 wrap up

Pain in the --- market the last few days, not impulsive down but not impulsive up either, no real trend is evident.  A break of the upper or lower trend lines in this ES chart will probably decide one way or the other:

There are two Elliott counts which seem most probable at the moment, and they both call for up prices in the immediate future.
BULLISH
 

BEARISH