Friday, December 17, 2010

12/17/10 - Pre Market

Pre Market

***Just a quick update to the potential leading diagonal that was mentioned the other day off the 12/14 high. This I believe is not a valid pattern since wave 3 of the so called LD is longer than wave 1. In the contracting variety, wave 3 is always shorter than wave 1, per EWP rules. ***

/ES

It appears futures may be right where the cash index is sitting.

30 Min Preferred

Is 1250-1260 in the cards today? We shall see...

Alternate

Or is this alternate playing out?
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