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ES 11-5-08


FWIW...the 5m projects down to 982.50
out at 970.25 but probably WAY to early ...plus 3.25 there now up 4.25 on the day
Note ...any move 959-966 would be within the 'normal' range of recent market behavior!
quote:
Originally posted by koolblue

Note ...any move 959-966 would be within the 'normal' range of recent market behavior!


Do you see a up or a down movement in the next days?
avg range last 5 days is 41.65.... 1008.50-41.65 = 966.50! keep in mind yesterdays low was 964, so if we test that i would expect it to break and run to 959 cause the 'boyz' would want to stop out an obvious long entry by small players there!
I have a daily chart top tomorrow , but the main thing is that can always bee off a day and the main thing im looking at is the upcoming 45 day low(july15:sept 18) due around Nov 13-17th!
2:40 cycle high?
FWIW ,i also had written on my notes from yesterday 3:00 top spx cash for today?
so a good move up for a while here would not surprise me .
I believe that regardless of if we have a top today or tommorrow, after the 10th we go down hard!
YES,MARGIE , and i am considering it!
BUT HEY,awin is a win, right? and it was my best scalp of the day!