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ES 11-20-09

AHH, options expiration day. Nonsensable early , boring all day, nosensable finish. FWIW I have a daily low today but because of o.e. day i would'nt put too much credence into it. First lets review. I said last week, the correction needed more time , even if not more price! Kool one ,market 0. I thought we'd see a high Mon due to the moon and Bradley date. Kool 2 market 0. I thought Tues would be a strong up day! It crept sideways to lower. Kool 2 market 1. i thought yesterday we'd see 1095 before 1085. Kool 3 market 1. Now i'm saying that although this downside could potentially last into late next week, fear not bulls ,your day will come again. Today im watching the 1098, and 1101 areas on the upside , and 1088 area, 1084-1085 area , 1078 zone and 1074.50. oh yeah, 3 to 1... i win! LOL

In other words, if we mish mash around here and stay above 1090, that would be positive for 1097 and change and possibly the almighty 1101.
As stated earlier, this is the kind of action i expect most of the rest of the day... zzzzzz

Order to buy only
No fill on that first hit...sigh

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Order cancelled . so much vol at 1086.25 and 1086.50, when that breaks it'll likely travel a little.
The inevitable re test coming?.. any way heres the bounce off of 1086.50
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Click image for original size

ROPE -A DOPE !...boring
have a great weekend Kool.