4/26/2010
Here is todays ES chart. The 10 minute chart had blue bars right at the top plus we had the 1215-1216 area as our first upper target for the day. We know the targets ahead of time then use the indicators to confirm the pattern and give us odds.
Where we are at now is very important to the overall outlook of the markets. If we fail here and break symmetry this could be the top for a long time so this is not a time to be lazy with your long positions.
Long Term Positions we are moving the stops tight or at least selling covered calls.
Good luck,
www.eMiniSchool.com
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