Ok, here is the scoop. This is my own look at multiple degrees of trend. Since the march 09 low we've now made 5 waves up. In the 5th wave that started in July of 2010 we now have 5 waves up. In that 5th wave we now have entered the 5th wave up since 3/16. Since 3/16 we've now entered the 5th wave up. In that last sequence we are now bound in the 4th wave over the last two days. The next pop up will unfold 5 degrees of trend all culminating in a mature wave count. I for one will not be long the weekend. But depending on the action I'm thinking heavily short!
Technical Analysis for the Serious Market Technican!
Contributors to FXStreet.com
Wednesday, April 27, 2011
ES Futures Alert!
Ok, here is the scoop. This is my own look at multiple degrees of trend. Since the march 09 low we've now made 5 waves up. In the 5th wave that started in July of 2010 we now have 5 waves up. In that 5th wave we now have entered the 5th wave up since 3/16. Since 3/16 we've now entered the 5th wave up. In that last sequence we are now bound in the 4th wave over the last two days. The next pop up will unfold 5 degrees of trend all culminating in a mature wave count. I for one will not be long the weekend. But depending on the action I'm thinking heavily short!
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