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Christopher Carolan on Financial Markets & Lunar Cycles

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Poised

October 3rd, 2008 at 11:49am · 1 Comment

The eMini futures are poised to rally. Tick and RSI divergences were registered in the first of today’s three 135 minute bars. Cycle-Trap and modified DMX are both heading up in that time frame. A net-line buy as well as a clear downtrend line lie directly above current prices. The net-line level is 1155.75 and the trend line is at  1161. I’m expecting the eMini to accelerate up to at least 1200.

click chart to enlarge

Tags: Day Trade · S&P 500

1 response so far ↓

  • 1 wstrad // Oct 7, 2008 at 10:34 am

    How did this turn-out?

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