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# ES Thursday 11-10-2011

Zone's from yesterday's action.

1233-1236. This is the big one and also represents a single print on an MP chart.

1246-1247. Next most important zone as it marks the reversal down at 1:10 yesterday.

1223-1224. The lows are important as they held the late afternoon challenge.

Looking at the O/N action so far 1245 is the high and is showing a clear double top after the 8:30 news. This makes that 1246-1247 zone important.

Depending on where the market opens will tell you what to do at these zones if you so decide.

1233-1236. This is the big one and also represents a single print on an MP chart.

1246-1247. Next most important zone as it marks the reversal down at 1:10 yesterday.

1223-1224. The lows are important as they held the late afternoon challenge.

Looking at the O/N action so far 1245 is the high and is showing a clear double top after the 8:30 news. This makes that 1246-1247 zone important.

Depending on where the market opens will tell you what to do at these zones if you so decide.

Remember prices will be opening smack in the middle of yesterday's value range so be prepared for some possible consolidation as big players place there bets.

Full KT projection of Glbx high 45.0 move to 41.0 gives a full projection of 1234.5

Lorn, you can also look at 24-hr chart, especially within the gap

Originally posted by prestwickdrive

Full KT projection of Glbx high 45.0 move to 41.0 gives a full projection of 1234.5

passage of that bringsw the next cycle of 45.0-39.5 into play giving a full projection of 1230.5

yesterday's singles filled

Originally posted by prestwickdrive

Originally posted by prestwickdrive

Full KT projection of Glbx high 45.0 move to 41.0 gives a full projection of 1234.5

passage of that brings the next cycle of 45.0-39.5 into play giving a full projection of 1230.5

when we took out 1230.5 it brought the next cycle of 1245-1238 into play giving a full projection of 1226.75.

Now it is worth watching how the up projections off 1226 play out. The initial move was to 1229.25 giving an initial projection of 1231.25 and a full of 1234. If the downtrend is intact we should not move up much beyond the initial projection. If we take out 1226 look at your next lower cycle to yield a down target.

whats the math on these projections ( intresting

Originally posted by prestwickdrive

Originally posted by prestwickdrive

Originally posted by prestwickdrive

Full KT projection of Glbx high 45.0 move to 41.0 gives a full projection of 1234.5

passage of that brings the next cycle of 45.0-39.5 into play giving a full projection of 1230.5

when we took out 1230.5 it brought the next cycle of 1245-1238 into play giving a full projection of 1226.75.

Now it is worth watching how the up projections off 1226 play out. The initial move was to 1229.25 giving an initial projection of 1231.25 and a full of 1234. If the downtrend is intact we should not move up much beyond the initial projection. If we take out 1226 look at your next lower cycle to yield a down target.

and we never saw 45.00 again

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