Emini Trading Update – Friday 3 Dec 2010 (16:36)
We’ve had two trend up days in a row – and now Friday is really slow. I’m lucky to have made my 4 points. For some reason I just wanted to talk and talk while taking heat on my first Short trade – so apologies for a long video.
Quick addendum to my last multi-market video. Yes, we’ve definitely seen the Bulls get back in. But remember this is a fifth leg up (as the Elliottians would have it) – the move from Pull Back to End of Trend. It’s a blow off move – and it’s moved quicker than I expected.
In the last video I talked about a week to 10 day Bull move – but based on the last 2 days activity, this last blow off move could be a lot shorter. Better Sine Wave could be showing that End of Trend warning signal on Tuesday or Wednesday. I’ll keep you posted.
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