Wednesday, April 7, 2010

A Brief Note About Timing On The YM Emini Futures

As mentioned in the last few updates I have timing on the YM this week on Tuesday and Thursday. The next timing on the daily chart is not for another few weeks so if we are going to make a CIT and reverse down this week would be a good time to do it.

Tuesday came and went. The way I see it what would make sense is either:

A. To accelerate selling on Thursday.

OR

B. To squeeze back to bil type new highs (10940 - 10955 YM) and put in THE high on the Thursday timing day.

Of course the other options is we just keep going up, forever. Anything can happen at any time and probably will. Trade accordingly.

Trade smart and trade well!

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