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ES 10-13-08


Up 13.75 so far on the day, looking for lower prices after a rebound.
CANCELLED 959 ORDER FOR NOW , BUYING ONE AT 948.50
RE 960 area, still singles to 959.5 and 961.25-963.5. 50% IB extension to 962.5. Sq 9 @ 961
Interesting , Prest , thx!
see? 11:23 and 11:24 bars just proj. 959 again! some how i expect a small overshoot tho. Cycles just not clear enough too help.
selling any way
short one only ..959.00, 4.5 stop just in case
looking for 954 area(5 min boll avg and 1 min. 54 period avg.)
will exit 955.00
cycles just wont let me know where the ultimate resoulution is up here but i can tell you all time frames up to 60 min are now overbought.
1 min proj 953.75, still exiting 955.00
1003 now...50 point run since lunch S&P up almost 100