Emini Trading Update – Friday 7 Jan 2011 (11:04)
Nice break on Friday – and the levels from the last video worked out perfectly. Ledge at 1,265 turned out to be the make-or-break level. And 1,258 was the Low for the day and where the Professionals stopped the move.
Early next week I think we’re going to be batting between 1,258 and 1,275 until a clear direction is established. Any guesses for my preferred direction? Of course not – I’m so transparent. Hope you’re enjoying your weekend.
Oh and I like this interview by Dylan Ratigan with Chris Whalen – one of the few bank / financial system analysts who knows his stuff and tells it like it is.
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