Chart getting most interesting now. Last +74.- Shorts could be in for a nice ride if right shoulder is completed. Not sure yet. Need to see some downside price acceleration to confirm.
- If not, then likelihood is prolonged wait for completion. Guess we should not exceed +81.5 on the top now.
- Mid 50s the target once it starts performing.
- Recall the nice similarities with the cable chart. That train has left the station. Now we wait for this to follow. Good feeling about this trade, but then again, these are usually the ones that go badly wrong. So - must not let my guard down.
06 October 2009
ED Spread : Right Shoulder Completed ?
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