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Globex 11-14-08

Hey gang, ive missed ya! First let me say how proud i am of all of you. Hopefully with the tools i have shown you, added to your current arsenal of techniques, you are better traders. It certainly seems that way from reading all the posts every nite! At the very least the cycles and price proj should help, even when your wrong, to keep you from getting burned too badly. And i really mean this, it is an honor to be trading with all of you! I can truly say i have learned as much from you as you may have from me...... Now to the market. It now appears to me that the 45 day cycle bottomed today! I mean what was that , an 800 point reversal in the dow, or 84 handles in the s&p? Havnt had time to study everything yet, but it sure looks that way! Trying to buy maybe 906.50 tho i may adjust after i get the 1 min proj.(none given yet)
NOW if you wanted to get short you would notice the 5 min boll avg is 901.50 and the 1 min (54)avg is 900.80 so that area might be worth a shot.
VERY TRUE! i just need to learn more about your tools! so far i luv them!
AND see whats happening now? TRADERS WHO JUST RELY O/N TRADITIONAL INDICATORS WOULD never have taken that trade cause were no where near overbought , but we knew it was worth a shot and honestly i tried for 901.50 but just a few seconds too late.
Icould have exited now for a guarenteed 2 handles ...easy money!
i was about to say the one thing the scares me about the overnight is the 2 point bars, thats what i met in my early post about a nats a$$ second!
Now the EARLIEST this downside pressure should end is 9:31 or so and we want 896.00 so thats what id be watching now, but gotta go .. c ya at 1:00!
Yeah cjo but in the day session ive seen 5 or 6 handles in a matter of 10 or 15 seconds many times so its all the same to me
Very true, good point!
The two key levels to watch in the day session are 881 and 866. O/N the upside,watch 902.75,911,and 935
akola, Kool is gone till 1 pm