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ES 10-21-08


watching
Sorry, experimenting with my chart and been on the phone.
-50% extension was 56.75
i think they want to test 65 and even 68 but I can't get anyting going
DONT KNOW WHAT TO DO... I HAVE 2 PROJ. .. ONE AT PREST'S 953 AND ONE AT 948
Ill get alittle crazy and sell 963-4 area
-100% IB extension is 47.0 supporting Kool's 48 too
long from 57.50 ..64 is target
Russell and nas way outperforming the dow and s&p on the downside still! IS there some kind of news out today or something?
flat at 58.50...
AND sq 9 is 946, PREST! (IM STILL SHORTING 963.50)
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?