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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.
had to chase at 931.50, long one 4 point stop..exiting 934 area
should test the 5 min. avg. at 936, but we shall see!
out 934.00... plus 2.5...now up 6.5 handles...watching
theres my 936, but be advised actual 5 min proj is 937.50
selling
short one from 937.50(only one cause 5 min. is not overbought)
on the slightly longer term, since 60 min. and 30 min. are on nice sell signals , i would think we drift sideways to lower into the open
im gettin out here ...roughly break even
out 937.25, plus .25(pays for the comission!)
nice little stop run!
ALSO THE PEAK AT 949.75(5 MIN. ) TRAVELLING TO 939.75 BEFORE MUCH INTERUPTION.