Charts 4-29-09

I just made this trade for 2 pts.

Took some risks because I believe the GDP will suck at 8:30.

Projection made to 62.50. made a sell order for 1 contract. I don't expect much just in case it moves against me.

Wow! Met 62.50. The high was 63.00. Look what happened! They met the projection downward to 56.75. Met at 56.50. 6.5pt difference.

As you can see, I am having a sell limit at 66 to 67 levels. Projection levels at 64.25 to 64.25. 65 to 67 levels are levels to look for shorting this run up.

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i drew a 4 step pattern on your chart but dont know how to upload it

very interesting ,Iowa! time will tell!