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Weekend preview ES short term trading 4/24/10


First a quick review..We had a Kools turn cycle due the 15th. We were dead on! The price, however we missed (looked for 1207 or so) by 3 handles. I thought the normal 10-28 handle decline was the most likely outcome and we got that to 1179.75. Now im suspecting a more serious decline may now finally be fast aproaching within the next 2 weeks.At least that seems the most likely scenerio, given the cycles,and seasonals...
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day bars
Since I did posted the time and price, I feel that a follow up is good so we can see if it was a total screw up or if it did had merit to it. Still much work needs to be done since it is a very complex matter.
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picture 44