Can you please spend some time focusing on the EURUSD for your video tonight? I think that its movement will allow us to make intraday trades to maximize our short position for friday.
Any “wave 2” up tomorrow will likely just be a sideways chop… not a big move up. The bulls are trapped now, and the bears jumped ship yesterday. We will likely sell off more in the afterhours session and gap down again tomorrow morning. Then “maybe” close the gap for wave 2 up, and then Friday… well, I warned everyone!
I’m looking at the EURUSD chart! It’s what’s driving this market in either direction right now. Red, do you really think there’s gonna be a wave2 up tomorrow? I’m looking for an intraday trade here, but I am hesitant to move to cash because EURUSD looks like its tanking and I don’t want to be left out.
high-five anyone?
I think we have bull meat for dinner!!!! BBQ at Red’s place!
http://www.youtube.com/watch?v=xrPzCzYeooM&NR=1
So far that FP of 119 (if we think it is really referring to the turn date) is right on the money. Thanks Red.
Can you please spend some time focusing on the EURUSD for your video tonight? I think that its movement will allow us to make intraday trades to maximize our short position for friday.
Any “wave 2” up tomorrow will likely just be a sideways chop… not a big move up. The bulls are trapped now, and the bears jumped ship yesterday. We will likely sell off more in the afterhours session and gap down again tomorrow morning. Then “maybe” close the gap for wave 2 up, and then Friday… well, I warned everyone!
BooYah!!!
That would make for a GREAT weekend!
I’m looking at the EURUSD chart! It’s what’s driving this market in either direction right now. Red, do you really think there’s gonna be a wave2 up tomorrow? I’m looking for an intraday trade here, but I am hesitant to move to cash because EURUSD looks like its tanking and I don’t want to be left out.
Man, if today is just the first wave one down inside of wave 3 down, I can’t wait until wave 3 down inside of wave 3 down hits on Friday 11-11-11…
I’m lovin’ it! McDonald anyone?