ES 11-07-08

I know Koolblue normally starts this but as he is away for a while I thought we could maybe start ?

well! this surprises me! this move is going to give new proj up

5 min %r is 60 ,,,stochs at 50 so nothing i can do but watch

too hard to call now which way its gonna break with this up move

vix dumping

Vix has come back -7.01 & VXN -5.38 & Vol remains to the upside as does issues on both.

People always ask me ,why do you use those 54exp avgs and the 15 period boll bands? Well you just saw an excellant example of why. on the very short term, which is what i like to trade they often act as temp support and resistance. Especially when they all group up in the same tight zone like that!

Whatcha think , VO? next stop 932ish unless 916.25 is touched again?

ive got a 1m to 931.25

locals taking a peek?

If we do break above the 40ish area the +100% IB = 948.50 & I have a proj. @ 948.25 FWIW

Thanks Redsix and Kool..


Kool, I am at that section and I see advancing, declining, unchanged total etc etc.. How do i interpret that ?

Thanks.