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Tuesday, October 13, 2009

Another Count I Like

If the market decides to just keep trucking upwards, I like this count on the chart above. Look for a hit on a the upper green trendline for 5.

The chart shows an extended 5th wave.

I mean, a beeline straight up would just deliver a knockout blow to market bears like me who, even after charting a move to 1100 and "seeing" how it can happen, would still be psychologically scarred....


They are squeezing like hell in the futures markets. It was an MM "trap" today, but to the shorts hehe

sheesh whats happening on the e-minis, its crazy....

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