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Wednesday, December 22, 2010

E-minis [Update 3:30PM]

[Update 3:30PM; Well no expanding ED pattern. But we are starting to compute the wave [v] squiggles.  I figure today's gap up will get closed for (iv) of [v].  Look at that 13383 hit and SPX 1259 as I suggested in my morning post.]
Look for potential [v] = [i] relationships.  On the e-minis, it would be [v] = [i] @ 1262.5.

On the Wilshire it would be 13383, which is not far above.
On the SPX it would be about 1259-1260. Having hit 1256 (the low of (1) of P[1]), that too is not much more.
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