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Globex 10-13-08


Still looking for a low of some sort around Tues -Wed. Now i see that 'wacko' Cramer is starting to say the same thing. That makes me nervous but ill stick with my opinion ,for now.
initial proj. to 936 area, but of course ill jump much earlier.9:55-9:59 time zone
taking profits atb 939.00 (still expect 936 tho)
there it is , right at the specified cycle low. (next one around 11-12 after)..plus 2 on this trade..twice, now up 6.0 handles on the session
AND THERES 936!
BUYING ONE 936.50
Touched my price ,but no fill! order cancelled
ugh, filled before i could cancell, long one at 936.50! 2 point stop
Stopped at 934 up 4 on the day,...watching..7:13 cycle low!
note the cycle low only produced 2-2.5 handles ...very bearish!(order to buy 930.75 due to oversold 5 min. and 1 min. charts)
5 min. 89 period avg. is 930.75
ALSO THE PEAK AT 949.75(5 MIN. ) TRAVELLING TO 939.75 BEFORE MUCH INTERUPTION.