Sunday, August 15, 2010


Two of the targets I mentioned last Wednesday on the ES have been met.  The 1082 and 1071 were hit easily.  I have to readjust after each wave completes and the last one at 1071 actually was 1069.25 and we went .75 below that.  Right now the futures are in a bounce and I expect that bounce to take us to the vicinity of 1077 before starting down to the next lower target.  should this occur I will look for a close around 1066 on the bottom bar of that wave.  If I have time I will put up a chart later.

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