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.