No registration required! (Why?)

LONGER TERM OUTLOOK




Donate to MyPivots if you find value in the site.

Day Trading Forum
Day Trading Forum
Home | Profile | Register | Active Topics | My Subscriptions | Members | Search | FAQ
You are logged on as
koolblue
All Forums
Emini Day Trading Forum
Traders Lounge
GLOBEX 12-04-08 New Topic Reply to Topic
Subscribe to this topic Subscribe to this topic
Send Topic to a Friend
Printer Friendly
Author Topic Next Topic

koolblue

5792 Posts

Posted - 12/03/2008 : 18:12:14 Show Profile Email Poster Edit Topic Reply with Quote
Some thing to ponder, besides the 872.50 21 day moving avg on the daily chart.... 1008.50 top- 739 low was 269.5 points and a 50% retracement is ...(drumroll),... 873.75 Small wonder the 872.50-877 zone is giving at least some short term resistance. Also note that the entire crash from the May top at 1441.00 to the crash low at 739.00 is 702 points. 0.236 retracement comes in at 904.50. REMEMBER THE DAILY PROJECTION OF 904.50?(STILL VALID UNLESS 739 IS TOUCHED AGAIN).

koolblue

5792 Posts

Posted - 12/03/2008 : 18:14:37 Show Profile Email Poster Edit Reply Reply with Quote Delete Reply
In short , on a longer term basis the market HAS to toch 904.50 or its going to break 739, and i just dont think thats in the cards yet. I f it was, then whats left for the upcoming serious cycle bottom due in mid Jan?
Go to Top of Page

koolblue

5792 Posts

Posted - 12/03/2008 : 18:21:10 Show Profile Email Poster Edit Reply Reply with Quote Delete Reply
ALSO interesting how the 0.618 retracement of 1008.5-739 comes in at 905.50.... further pointing out the importance of this resistance zone...IF SURPASSED NEXT STOP WOULD BE 922-24 AREA, THEN 974.... Enough about the'longer; term, all i really care about is the next 5 min.!..LOL
Edited by - koolblue on 12/03/2008 18:46:20
Go to Top of Page

koolblue

5792 Posts

Posted - 12/03/2008 : 18:29:54 Show Profile Email Poster Edit Reply Reply with Quote Delete Reply
CURRENT SHORT TERM PROJECTION UP IS AROUND 876, unless 865 is taken out first.
Go to Top of Page

koolblue

5792 Posts

Posted - 12/03/2008 : 18:35:45 Show Profile Email Poster Edit Reply Reply with Quote Delete Reply
PROJECTIONS DOWN ARE 862.00 and if taken out you would look for 852.50. THAT SETS UP THE GLOBEX SESSION(All unless 873.75 is taken out)
Edited by - koolblue on 12/03/2008 18:37:11
Go to Top of Page
Topic Next Topic
New Topic Reply to Topic
Subscribe to this topic Subscribe to this topic
Send Topic to a Friend
Printer Friendly
Jump To:
Quick Reply
Message:

* HTML is OFF
* Forum Code is ON

Include Signature



Day Trading Forum © Copyright Day Trading Forum Go To Top Of Page
This page was generated in 0.09 seconds. Snitz Forums 2000

Emini Day Trading Daily Notes Economic Events Trading Indicators Search Terms and Conditions Disclaimer Books Online Books Site Map Contact Privacy Policy Links About Day Trading Forum Trading Calculators Pivot Point Calculator Market Profile Generator Fibonacci Calculator Mailing List Advertise Here Articles Glossary
Copyright © 2004-2008, MyPivots. All rights reserved.
JUST SO I DONT HAVE TO KEEP REPEATING MY SELF!!!