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GLOBEX 10-21-08


Just got short from 943.75. looking for 933-936
REMEMBER I SAID AT A MINIMUM! if you take todays high and subtract the same range of yesterday you get 927.50, a natural 'bounce' point as traders hope today will be the same as yesterday.(which it probably wont be !)
is it forming falling wedge?


selling 934.75
should get a little peak at 8:17 or so
I'm long at 27.50 to target the 36.50..( low volume area there) nice volume surge...
if we continue up(and i mean if!) , i would tend to favor the 940-41 vol. area
quote:
Originally posted by koolblue

should get a little peak at 8:17 or so

STILL GOT IT! LOL
Good morning, I was shorting the Eruo most of last night that thing fell off a cliff. And am surprised to see the ES down almost 30
Not me , Joe... remember i kept commenting about the neg divergence of the nas?
targte is revise to the gap at 36 even..then that volume node which begins at 40...thtanks for the reminder KOOL
quote:
Originally posted by CharterJoe

If we open here were going to gap below this weeks range (IB also) Watch out for the IB breakout today below last weeks VAL.



Beautiful set-up that I wanted to share with ya'll that happens often..... Mon and Tues a.k.a. weekly IB was nice and tight, we got a gap below the weekly IB and then B penetrates last weeks VAL todays IB breakout worked very well because it already broke critical support 30 points followed.