Wednesday, July 28, 2010
Still Looking for Direction?
So we came down and traded below my 1104 first target, but since then it has been another day of chop fest. We are approaching the lows here again and my expectation is that we break down and get below 1100 on the ES. The 50 period MA on the 60 min chart has just began to curve down. Could this be the final sign to send this market down officially? I've been very patient thus far, not fun. What happened to the days when we would get sustained moves instead of computer driven chop?
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