Wednesday, January 27, 2010

1103

Futures just hit 1103 overnight- short here

1113 would be a nicer rebound area to short. Remember we are oversold from last week selling and a bounce is expected. Alot of folks talking like this is a start of a meaningful decline i don't believe that yet. I still think we will try for higher after we take a rest. We just getting our ABC off the 5 wave count up here

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