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ES 11-05-09


GOTTA GET A FEW HOURS SLEEP, BUT THIS IS MY BEST GUESS. DOWN TODAY. I SHOULD POINT OUT THAT I REALLY THINK WE ARE GOING HIGHER BEFORE ANY REAL BIG DECLINE ,HOWEVER. PROBABLY ACHIEVING THAT 1073 PROJECTION AND POSSIBLY EVEN HIGHER TO SAY, 1085-6 OR SO. I JUST DONT THINK WE GET THERE TODAY.MORE LIKELY NEXT WEEK. I WOULD LOVE TO SELL AT HIGHER PRICES TODAY(MEANING HIGHER THAN YESTERDAYS CLOSE..1047. ANY WAY SEE YA IN A FEW HOURS!
I ALSO ALWAYS PAY ATTENTION TO THE DAILY RANGE.. ALTHOUGH THE LAST 2 DAYS IT WAS AROUND 17 OR SO (SLIGHTLY CONTRACTED DO TO NERVOUSNESS AHEAD OF THE FED MEETING) THE 5 DAY AVG IS AROUND 23.75 HANDLES. TODAYS LOW (GLOBEX) IS 1039 AND 1039 PLUS 23.75 IS 1062.75..DAM CLOSE TO MY 1063 AND CHANGE TARGETS! NOW ANYTHING CAN HAPPEN ,OF COURSE , BUT THATS WHAT LEADS ME TO BELIEVE THAT WE'LL STOP SOMEWHERE AROUND THERE AND NOT GO UP TO 1073 TODAY!.. NOT ROCKET SCIENCE, JUST COLD ,HARD STATISTICS! THATS HOW EARLY THIS MORNING I WAS ABLE TO SAY THAT. ALL THE INFO YOU NEED IS HERE AT MYPIVOTS DAILY NOTES PAGE!
next leg down will let us know if this is flat or triangle

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ALSO, I USE DAILY RANGE SOME WHAT LIKE OTHERS USE VOLUME! IE: A RANGE TODAY O/N AN UP DAY WHICH EXPANDS FROM YESTERDAYS 17 HANDLE RANGE IS BULLISH. IF WE CLOSED UP TODAY BUT AT OR LESS THAN YESTERDAYS RANGE THEN I WOULD HAVE BEEN NERVOUS! ...ETC
FWIW: MY SELL ORDERS ARE ONE AT 1063.25 AND ONE AT 1063.75...


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WTF!!! DID THOSE SOB'S ONE TICK ME AGAIN? IF ANYTHING I WOULD EXPECT A SMALL OVERSHOOT OF THE PROJECTIONS ..MAYBE 1064 AND CHANGE, INDICATING HIGHER PRICES IN THE NEXT DAY OR SO!
WELL ,WHATEVER HAPPENS ..BINGO O/N THE 1063 AREA..AND WE KNEW ABOUT IT LAST WEEKEND...
MIGHT GET ONE MORE SHOT THO..REMEMBER THE CYCLE I SHOWED YOU!! I THINK ITS DUE AROUND 2:15 OR SO
this should be c wave of either triangle or flat...im selling
JUST COUNTED THE BARS CYCLE SHOULD PEAK O/N THE 2:10 5 MIN BAR IF YOU COUNT AND AT THE 2:15 BAR USING NINGA'S CRAP!
flat 59