ES 10-29-09

BEST GUESS HERE O/N THE BIGGER PICTURE... IT SURE SEEMS LIKE THEY WANT THAT NEXT PREVIOUS WAVE 4 OF LESSER DEGREE AROUND 1068, OR 1071-2. DONT BE SO SURE THE REAL DECLINE IS OVER YET THO! THAT COULD STILL BE IN THE CARDS. WE NEED MORE INFO TO BE SURE ,EITHER WAY. I DONT LIKE THE WAY NEW LOWS HAVE STARTED TO CLIMB! FIRST TIME SINCE MARCH.

TRENDLINE STARTING TO BREAK, STILL O/N A 13 MIN SELL, RED AVG HOLDING SO FAR

THIS IS THE RED AVG!...1058.50

CYCLES ARE GENERALLY DOWN TILL ABOUT 3:10

STOPPED OUT ...WILL RE ENTER SOON...

13 MIN SELL HAS GONE TO COVER SHORT...NOW NEUTRAL. I'LL BUY THE CYCLE LOW , IF WE GET LOWER PRICES!

WELL, THE TRADING SUCKED TODAY, BUT THE ANALYSIS SEEMS VALID . REMEMBER THE TARGET ZONES... GOOD TRADING ALL!