Charts 3-09-09

Globex today at European open. Nikkei at 26 year low. DAX down FTSE down CAC down.

My current trade with 15 min ugly projection.

Banks lead the fall with Lloyd's, Credit Suisse all in trouble. Petrochem companies pulling it up with a rally in Crude.

Current 5 min projection.

Keep in mind the deadly 15 661.00

Kool. A question. I originally used 1 bar projection at 0405 and yielded 77.50 which was hit but when I used 2 bar projection, 0405-0410, It was more accurate like the image above 75.50.

When do I use a 2 bar projection?

Merck and Schering Plough are merging. 0605 bar rocketed. Was on a short trade with a projection for 2 pts, BE+1. Phew!

41 B USD merger.

Kool, your drug pushing company?

More like an acquisition.

Heres what mine looks like Brad