This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Wednesday, April 15, 2009
Going on Vacation; April 15, 2009
I'm going on vacation until Sunday so I probably won't post anything until then. Gold did nothing today so the same parameters and stops remain in place. The stock market rallied again today unexpectedly but broke no key levels. Upside should continue tomorrow and perhaps Friday but should be limited and capped at the 875 area. A strong break of 875 S&P futures will cause me to probably scale back about half my S&P short position. In no way will I get long this market until the severely overbought levels of this market are alleviated.
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