ES 10-21-08


watching
50% of intraday range is 75.75
I see it Kool!
Note my changed entry! 972.25 just confirmed by the one min. chart. This is scary cause my 5 min chart is nowhere near over sold yet!
best fill for me is 76....stops at 82.75...gonna either get 69.50 or get stopped out.....Happy B-day...you made it !!! Biggest Volume bar of the day sits at 72.50 -76 so this bounce off it will either fail and get that 69 area or it will run to new highs on the day....
Ill just be going for the quick bounce,Bruce because of the cycles(low much later) and the above post
i think those stops at 69 are toast...meaning they will get taken out
mini low s not due till 11:02 or so, bigger one more around 11:40 give or take
come to Poppa!
Shorting here ES 76.25
$#~!#~!#... missed by 2 ticks? I really am getting old!... sigh... Basically i favor higher prices even into tomorrow, but a good decline IS coming and that scares the heck out of me! Would not be surprised by 1109-15 today, or 961 for that matter!
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?