Here comes another fun week! And it will likely stay that way untill the vix begins trending down . Closing ticks ,while very neg. at over 400 were not at the level of danger(over800). New highs remain under 15, and new lows continue to expand. When the 'bottom' is in ,you will see this pattern reverse. Daily cycles call for a bottom wed to thurs., but keep in mind the fed meets and will likely lower rates again by 2:15 thurs. Also be aware of a tendancy of market strength from the last day of the month into the first 3-4 days of the new month. That would line up with my cycles nicely which have a top around the 4th or 5th and decline into the 45 day cycle mid Nov.(remember that one?). Time will tell... good trading all!
ill exit at 876.00, but the first obj. on price proj is more like 877.50
Ill be out in 5-6 min, cause i have to get ready for work...
covering at break even ...870.75
870.00 is the 5 min. boll avg ...should hold, if it doesnt you could be looking at 864. Personally i think it will
sorry Kool what is the boll avg that you refer too
buying again here
oh oh, long one from 870.50, looking to exit at break even or a small profit due to 870 being broken.
stopped at 868.50 loss of 2.0 , up a half a handle ... gotta go , see ya in the am!
boll. on the 5 min is 15 period exp avg with bands at 2.75 deviations . My bread and butter avg is a 54 period exp. ...Cya!
ps: see how the 5 min just held it dead in its tracks? Currently 870.75. price proj down is 864.50... bye
TRADERS LOUNGE... ES 10-27-08!