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ES 11-5-08


FWIW...the 5m projects down to 982.50
this 'pause ' is expected cause of the 5 min boll avg at 976.50 and this cycle doesnt peter out till 1;20-22
singles above 977.75-981.5
what bothers me is i had 1:15 top written on my notes from yesterday and im not sure why! i also had 11:15 top and that worked pretty well.
prestwick...I understand singles are a MP term, do they signify S/R?
the danger is of course a run to 982-3 area
well, that was from the mini top i mentioned earlier..
quote:
Originally posted by VOwater

prestwick...I understand singles are a MP term, do they signify S/R?


The extremes can act that way VO. If the end of the range gets breached they tend to fill.
TY
Thx, Prest, i still think we are headed there and am tempted to try a long while im waiting,
sold 971.25 on another 'impusive ' move , not based on cycle or proj. and might get real lucky if we break the 968.25 low ...then 984-5 is a given!
BUT HEY,awin is a win, right? and it was my best scalp of the day!