Emini Trading Update – Wednesday 10 Aug 2011 (20:34)
Don’t know where we’re going but we got the Pull Back (PB) in a down trend signal on the 45 minute chart – so that should head towards and End of Trend warning signal. But as I discuss in the video, not sure we’ve had extreme selling on the 45 minute chart.
Yes, I can’t believe I’m saying that – not sure we’ve had exhaustion selling volume in the right place on the chart.
I’m not trying to predict or assume anything during the day – just read the indicators on the charts, get the trend direction right and hang on. And given we’re changing direction 3 or 4 times in a day that’s hard enough.
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