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ES 10-21-08


watching
Still short 2 .. iwont get nervous till it strongly breaks the 1 min boll. avg now at 964.50 and falling
lowering stop to 965.50, might cover around 955-56
going to get some lunch brb stops in place...
covered 956.50 for a nice scalp. plus 6.25 twice... now up 7.75. still think it goes to 946-948
So far so good, it shouldnt go much above 961.50 now... 5 min avg is 969.75 15 min boll is 967.25
ALL charts now oversold thru 60 min
whatever % rule to 53.0 fulfilled. singles from 43.0-46.75 in addition to -100% IB extension to 47.0 still there
mini cycle low hitting now
selling one 960.00 one only , 3 point stop
still no fill!.. even tho my order was in before it touched my price at 13:10....order cancelled, watching
The other thing we know is that they will break the Monday - Tuesday range...I'm hoping it's to the upside too but may be illogical to expect that since we closed near the lows today and closer to the lower range......We also have a gap down near 933 so that will be an additional target if we are able to get on board to ride out lower prices

Hope you are having a good B-day KOOL!
quote:
Originally posted by koolblue

still of the belief this is a giant tringle on the daily charts that we better hope eventually resloves itself to the upside upon completion or this market will end up complete toast... bottom trend line somewhrer around 880-882? Note how the daily range keeps contracting?