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

fwiw my next 5m is 41.50 and 15m off the h is 25

69.50 last week's R 1..

Volume NYSE is to the upside, Nasdaq to the downside. TRIN - 66 TRINQ - 1.93

s @ 59.50

1 off @ 57 move stop to be

hoping for 53

will you go long at 53??

stop to 57.75

VAH @51 and possible wave three of three at moment

cover 53...no

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.