Tuesday, August 3, 2010

Setups I am following



Coffee - Wave A as scheduled


Palladium - Wave 2
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Oil - Wave 2 just about done
Sugar -made the turn on schedule , wait on a 3 wave advance to short.
Natural Gas - looking for a W2 rally to short into. Still using EWI's count but DTosc oversold on the weekly makes me a little skittish on this market. However, nice 5W pattern down so maybe they are right.
Dollar back to prior 4th
Copper - looking for that 5W down, made turn on schedule today but need follow through
Aussie -  looks like a short to me pretty soon

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