ES 11-25-08

daily: 1073 / 736.25
60m: 910.75, 899.50
15m: 916, 884
5m: 875.50,

need to retrace a bit before we get any downside projections

5 min now creeping into overbought

well ,were in the time line i expected(next 5 min) need a good push up tho!

#$@#% 5th wave failure?

...SIGH...

I was gone in that too!!

I'm doing so badly today. I don't know what to do?

First i go in too early according to the cycle cause price told me too, then cycle says sell but price said not yet! Sooner or later ill get it right!

selling

I've been counting negatively since the point I started out from today. And all I wanted was just 2.5 points. I'm still sticking to my plan. But what am I supposed to do when on paper I am writing the 7th failure?

short at 850.50, now watch them run it to my 858 number....up 3.25 today and thatll be my stop

Thanks VO. I haven't been working with Kool's cycle projection tool much and was experimenting this PM. I was using the cycle highs and lows and using 1.618 from the end of the cycle. In my notes I had Kool saying to use 2.618 from the beginning of the cycle. Using the 1.618 I had a cycle H to L of 17.5 when fibbed by 1.612 gave me a 28.25 point expectation which added to the cycle low of 833.5 gave me a 61.75 target. For that second cycle projection that negated I had 61.5 - 47.25 = 14.25 * 1.618 = 23 + 847.5 (cycle low)= 870.5 target. That's the one that didn't hit at the end of the session. Maybe I am oversimplifying it.