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Tuesday, October 6, 2009

E-minis


Broken above the down channel. If there is an uncovered gap up today, that would be a sign the bulls aren't covering their tracks and this baby may be a quick firecracker relatively speaking.
Kenny shown the possible expanding leading diagonal. http://1.bp.blogspot.com/_goypolxEFd4/SssPFepqhGI/AAAAAAAACKE/pyJITYP4hbs/s1600-h/Minis.png

If this is the beginning of another Intermediate ABC pattern to P2 peak, then we are at likely at the cusp of its most bullish part of its A wave.

Some have suggested a broadening ending diagonal. New P2 peak above 1080 and then dramatic reversal. This too is on the table.

Good luck!
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