August 7, 2012
- in Uncategorized by schooloftrade
9:55AM EST UP-DATE:
Crude Oil :
Crude Oil is
trading at the price wedge highs and the buyers are about to fail with the wave-pattern-long. We look for short below the 92.60 level and
take profit at the lows of the bull price channel. There is not a lot of market personality this
morning so far, without much news to get things moving.
trading at the price wedge highs and the buyers are about to fail with the wave-pattern-long. We look for short below the 92.60 level and
take profit at the lows of the bull price channel. There is not a lot of market personality this
morning so far, without much news to get things moving.
E-Mini-Russell :
The E-Mini-Russell is also trading higher at the
10am EST hour, however the E-Mini-Russell has plenty of room to keep climbing
higher, but it has not. We are sitting
sideways right on top of the PHOD we bought with wave-pattern-long and it
failed, so we sold with a wave-failure and that too went nowhere. No we sit on hands and look for lower-lows below
PHOD so we can finally get the shorts in control.
