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Charts 5-21-09




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For Globex. Use minute single or 2 bar projections for added accuracy.

Though the deadly called for 896.75, Use the recent swings to determine the projection accuracy.

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Exceeded. 88.6% retracement by 1 tick.


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Another chart.

Notice the lines of support/resistance off the initial ABC levels?

Now that we have completed the retrace, we will see that 835 - 845 level. Minimally I believe the 845 level.



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IF we made a intermediate top yesterday (thats what it appears), then the count will be a 1 and 2 instead of an A and B. This is important. It means that we will be in our 3's, which also means we gonna get our 38.2 or 50. Test time for bulls?

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Current 15 min deadlies.

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I was short from 890.

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