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ES 09-25-08


I still smell a rally to the upside.
initial 5 min. proj 1217.00 just hit
seems like downside pressure for the next ten min. or so.. at a minimum (5 min. chart). probably longer. good neg divergencies 15 min. chart
Im just too chicken to sell much today tho
LITTLE PEAK DUE 2:10-2:13 FOR BRAVER SOULS
iMIGHT BUY THE AVG (1214.50),however cause 5 min. is racing to oversold. The neg. divergencies at the top scare me to death tho
ORDER IN ...1214.50
3.5 STOP
JUMPING OUT AT 1215.00
Buy rumor sell news day? Bigs have sold a net 30k contracts in the last 20 minutes
ES hit 1224.75 I was calling for 1225 in the globex 9/25 room....Thats a 40pt swing in less than a day, 2point profit on those calls or just shy of 50%, this is a great time to be a trader!
Half out at 93 +19 on those...SL on rest at 1210, next target is 1174.