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Friday 12-28-07


If I had a scenario that I would like to see played out in tomorrows session it would be the following:

These higher prices in overnight ( up at 94.25 as I type)will be met with selling to drive the market down to weekly pivot at 1481..then buying to take over to upside in the 1475 - 1481 area...

on any lower open I'd like to see an initial drive down to be met with buying...

I'm also looking for two sided trade off the open price...so initial push down will trade back through the open on upside and / or an initial push up will trade back down....I am biased to upside in general....

Too much Rum Egg Nog tonight....predicting is fun...sometimes....but actually it's my basic plan...there are those who can be like a reed in the wind and "listen" to the message of the market very well. I am not one of them...I set up " If , then, Else" scenarios ahead of time....a spill over from my days as a programmer
in at 93.25..96.25 is first target
well done...
quote:
Originally posted by gio5959

Well, i guess im on the wrong side again cuz im short and ur long - my first target is 93.5 from the second time the open was touched

just added at 89.25....now 93.25 is first target..ghreat trade Gio
quote:
Originally posted by gio5959

quote:
Originally posted by gio5959

Well, i guess im on the wrong side again cuz im short and ur long - my first target is 93.5 from the second time the open was touched



Second target is 1491.00



Trailing stop now at 1491.00 on 1/3 of remainders - call me lucky
this making me bleed today..tough week this low volume stuff
big air pocket between 90 and 95...should be interesting
last add point for me is under hour lows once we form..unless the 93 hits first
This is what I based my trade on

Worked this time to perfection

Wish they were all that easy

Makes up for that clobbering I took yesterday


[file]ES_12_28_07_pic1.jpg,126,,0[/file]
anyone with data problems....? IB is messing with me...
I'm not very good at Elliot Wave stuff but Im looking to see if this pattern works out for a long from 1491.00 - which is where im long now from, per earlier post - stop lod


[file]ES_12_28_07_pic2.jpg,126,,0[/file]



I'm just about out of rum egg - nog but I gotta pat myself on the back for this one......they nailed that 1481 number to the tick...clearing out some triples along the way...I missed it but would have rather been on the slopes anyway.......the 1481 was the weekly pivot...
quote:
Originally posted by BruceM



These higher prices in overnight ( up at 94.25 as I type)will be met with selling to drive the market down to weekly pivot at 1481..then buying to take over to upside in the 1475 - 1481 area...