Emini Trading Update – Thursday 31 Jan 2013 (15:26)
I think we’re hunting for a proper sell off – that will bottom us out on the daily chart and get us into a “Pull Back” to “End of Trend” sequence. Just get the feeling that everyone is a little bit too early. The Bears are too early, hoping for that Marc Faber correction. The Bulls are too early trying to buy any dip.
That should translate into wide cycles for the Emini. Meanwhile we’re sitting on critical Support levels for the Dollar Index, US Bonds, Gold and Silver.
Link of the day …
The Real News did an interesting follow up interview to PBS’s Untouchables program. Dimitri Lascaris’s point about regulatory capture is spot on – but I just can’t ever see this changing. The Real News do great journalism and all on a shoestring budget, thank you Paul Jay.
Good luck with your Emini trading.