Entering text into the input field will update the search result below

Returning to the Scene of the Crime

May 11, 2010 4:05 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Since Globex is showing ES unfold a little differently from my post, let me give some updated ideas. This is not necessarily Bearish, but it could be. As is comment in my chart, with either scenario mentioned, if we open with a gap down this morning, I expect at least an attempt to close the gap. Then we are on our own, and trade the market. It could reverse and head down or it could go on to a new rally high. Good luck with your trading!


The best way to see what we do on a daily basis and on an intraday basis is to try our Premium Content. If this site doesn't add back more than the price of admission, then you have no obligation to subscribe after one month, and you will have still learned some Elliott.

If you like what you see here, wait to see how MortiES's analysis can assist you in your everyday investing or trading strategy! Go ahead., Click on "Subscribe to MortiES Premium" and give it a try! I am offering a 30 day free trial period.



Disclosure: None

Disclosure: None

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You