Trading da Numbas http://www.tradingdanumbas.com/community/ Elliott Wave Day Trading and Swing Trading commentary en Wed, 08 Sep 2010 19:57:33 GMT vBulletin 10 http://www.tradingdanumbas.com/community/images/misc/rss.jpg Trading da Numbas http://www.tradingdanumbas.com/community/ <![CDATA[TdN was prepared for Wednesday's short squeeze]]> http://www.tradingdanumbas.com/community/showthread.php?t=9294&goto=newpost Wed, 01 Sep 2010 21:33:36 GMT Wednesday gave us a massive move upward in the equities indexes – a move that Trading da Numbers (TdN) members were prepared for well in advance.... Wednesday gave us a massive move upward in the equities indexes – a move that Trading da Numbers (TdN) members were prepared for well in advance. After noting on Tuesday that S&P / ES prices failed to make a lower low, and after seeing a potentially bullish Elliott Wave count based on reactions to our predicted support levels (shown in the attached chart that was provided to members on Tuesday), we warned members of the impending rally.

Anyone who was short from Tuesday was trapped as bulls pushed price above successive resistance levels in the 1050-1080 range. Moreover, today's run above resistance represents an important change in the complexion of the market, leaving many traders scrambling to identify whether the longer-term trend has turned. At TdN, we keep our members on the right side of the market throughout the day with unbiased analysis and trading expertise. Consider joining us with a trial subscription.

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