Wednesday 10/6/10 wrap up

A little bit of a dip, around 25% of yesterday's rally which is a bit shallow.  However, if we are in fact in a 3rd wave that's quite acceptable and is even to be expected.  We'll see.

Went long ES around 12:30 PM today at 1152.50, still holding.  Hourly Trend/Osc continues in bull mode.

Daily Trend/Osc also continues in bull mode.