ES 10-21-08


watching
quote:
Originally posted by BruceM

long from 57.50 ..64 is target



Nice call Bruce.
Upper price proj. is 973.75, but i still favor 948 being seen because of the way it slammed thru my original target at 961. Also a gut feeling that closing ticks are working their mojo today (which still surprises me.. would have guessed late tomorrow!)
buying one
ugh.. lousy fill(and timing) long one from 965.00
Stopped at 962.00 now only up 4.75
H&S pattern on 1 min chart?


Yeah, i see it ...could be
selling one here
Thanks Prestwick...these volume nodes rule.......you may remember that I posted these numbers on Sunday night
" 40 - 41 is my first number then the 56 - 57...then 67-69 and then 84-87....". Folks can look at the Globex thread for those but the point is not to brag but to show how price is attracted to volume

For me the best numbers come from the previous day...yesterday we had the 85 area and 63 - 67....so they are battling it out there now.....classic Support becoming resitance...a break will go to Toaday area at 72 - 76 ....etc..you get it!
quote:
Originally posted by prestwickdrive

quote:
Originally posted by BruceM

long from 57.50 ..64 is target



Nice call Bruce.

man, sold 69.25 should have waited for my 973.75 number!
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?