Emini Trading Update – Tuesday 23 Oct 2012 (11:31)
Ah ha. Draghi’s Low has now been reached. And that exhaustion selling volume come in. We could easily hold around here for a while. But the QE dream is surely over.
You’d have to be a very ballsy fund manager to be saying “excellent, great value for money here – I’m all in”. You’d hold off and just wait and see. Particularly with the election uncertainty out there.
In the video I talk about the importance of exhaustion volume. You’ve (I’ve) got to wait for that and only play the trend until everything is exhausted, volume and price.
Anyway, late here in France. I hope you made good money over the last couple of days.
Good luck with your Emini trading.