Friday, August 27, 2010

8/27/10

7:15 AM
Actually, I think I like my chances here. Going long here with a 1040 stop (mental).
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7:05 AM

Didn't I post yesterday at EOD that I was looking for a wave 5 down and a possible retest of 1040 for today? How about 1040.12? Not bad.

With the pre-market action, I thought 5 may have truncated, however, so far so good. Now let's see if she holds. I don't know though because the hourly MACD is looking a tad bearish. We'll see as usual.
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