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ES- 09-26-08


Ugly open coming.I still believe a intermediate term bottom is forming the last several days. And i would still be very careful trading position trades or puts here.Remember there is strong support 1172-77.
No, I'm kicking myself right now. That's okay there's plenty of time left in this day.
Remember these numbers... 1217.25, 1227.50, and once again 1240 whether or not we go much lower....ill explain tomorrow
with that low volume retrace I think they mat still try to get the 1212 - 1215....on that push the ES went higher then the YM so it may be a subtle shift in leadership
fwiw, Interactive Brokers (IBKR) shares have been halted for news pending
Margie, Bruce M. has a post on the last page of the es 9-24-08 thread that youll want to read. Excellant reading (as usual)
Thks, I'll check it out. Does IB say news is due today?
Possible mini low around 1:25-7?
15 min. now over bought ,5 min. also(if this is a 3rd wave it wont matter!)
Note the pause(temp. i think) at avg plus 10(1199.15)
5min. sell with good neg divergencies
Wow what an end to the day!

Joe, you are welcome & thank you for sharing your knowledge here.