Thursday, September 2, 2010

EW Update

It appears that we are still headed on the same path (see post from August 25), albeit with a steeper retrace. At the 4:15pm close on the EMini, we are at 1090 which is just shy of the neighborhood of the 61.8% retrace.
















I still think we're headed for a move south to the 1000-1010 range. Perhaps the employment report tomorrow will trigger this turn? Or maybe it'll jolt us back over the 1100 threshold?

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