Elliott Wave Live: Elliott Wave Live: Pre Market For August 5, 2010

Thursday, August 5, 2010

Elliott Wave Live: Pre Market For August 5, 2010

The ON session tested 1127.75 and failed. The June high was 1129.5 on the continuous contract. Jobless claims jumped by 2,000 and the market sold off. I'm looking for confirmation that a top is in place... meaning 5 waves down, followed by a 3 wave counter trend rally. Traders may want to consider short positions should this occur.

Best of Trading

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Thursday, August 5, 2010

Elliott Wave Live: Pre Market For August 5, 2010

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