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ES-09-11-08


Lots of discussion about ticks yesterday.WEEKS ago, i pointed out a relationship that has ocurred with incredible accuracy over the last 5 years. Anytime the closing ticks on the nyse is above 800 a significant decline ensues within two trading days.last time , i noticed this i posted it i think aug. 15.Two days later we hit 1303.50 on the e- mini and slammed down about 40 points.Yesterday i noticed plus 853 near the close!I wish some one could backtest this as i have no capacity to do so. The accuracy seems incredible, but more study is needed to be sure.Im not even sure what we closed at on the ticks , but if it was above 800, look out below!
best fill so far is 21.25......still trying for that 24 though..that will be the plus 8....area off open
quote:
Originally posted by BruceM

that 1224 will need to get "cleaned up"..so I'm going small at 1215.50

then, if i under stand correctly, 1225.75 or 1209.75 might be your next turning points?( plus or minus 8)
Long ES @ 1219...hoping for an IB breakout to the upside.
these are areas to fade or target.....especially in first 90 minutes
quote:
Originally posted by koolblue

then, if i under stand correctly, 1225.75 or 1209.75 might be your next turning points?( plus or minus 8)

long 1218.00, i think youll get it
Yep, very nice numbers to work with. Thanks Bruce. 2.5, 4, 5.5, 8, and sometimes 12. But IMHO i think that 5.5 and 8 are the best.


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Here on the lows we had an oversold tick AVG with high neg tick readings. I entered @ 1219 but thats was a poor entry it would have been possible to enter @ 1218 easily. I'll exit 1/2 on the IB breakout thrust...
out 1222.75,4.75 handles... up 13 for the day(and smiling).Thanks for clarifing my question , Bruce.
Exit 1/2 @ 25 (+6) SL on Remainder @ 20, target on rest 30
selling 1229.50
By the way, Joe, theres going to another gap to be filled come Mon. lol!...stay tuned!