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Monday, December 27, 2010

Monday 12/27/10 wrap up

Buy signal today on EUR hourly Trend/Osc.  The slow downward drift last week looks very much like basing activity, so this buy signal today could be a good one.

Elliott counts are awfully muddy everywhere I look, nothing that I have enough confidence in to post.  ES continues to do the end of year upwards grind.  Very low volatility - coiling for some big moves past the turn of the year I believe.