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ES 8-22-08

Greener pastures? Maybe. I'm putting on the Ritz today and calling not only there not being a gap fill, at least in the morning session, but that we'll test and win 81.75 and see a high of at least 1285.75, and it'll be met at 12:45 PM.

A gap fill into the close seems likely in a certain weekend sell-off investors still learly and day traders principled.

Trading in Sunday's session in all probability will try to retrace to the upside starting the B wave and the opening range Monday will be decided from the bell selling was unfinished after letting bulls clean up bit; after which, a test and loss to this morning's low of 72 will jump start bulls to begin the bonafide third wave of the first impusle wherein 3 premium prices en route to correcting 1441 will ensue.

By Tuesday's afternoon session I expect to see prices near if not at the run's high. Third waves are fashioned by everyone already having shorted, short-covered, scalped, made their money driving prices to value and calling brothers to tell friends to call their brothers and friends to buy. It'll be on. Show up, and make some money.

{DISCLAIMER: None of The Above May Be True But May Be Permitted And Possible}


Good trading, all.

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Well, 1285.75's been met. It's a long way to 12:45PM CST for a peak. Wow.

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It's probable 1283.25 R1 will be strong support due to the fact that the third primary wave threw-over its own beginning channel. A pivot propulsion play from R1 to R2 seems a safe bet if you're not already long from earlier this morning.

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Great call!
As much as I'd like to see a gap and run higher I think they will "fill in" the "b" profile to the downside from
up here in the overnight session...( 86 area as I type).....90 - 93.75 is critical in the day session....on the upside and should be good resistance...big volume in that overnight spike so if they can recapture the 81 area on the downside then they might go for the 1277's. Nice call on the 85 area SPQR !!
some nice ledges exist in the overnight profile in the 76 - 77 area and there is a "baby gap"....small gap on one minute date

my last concern for upside here in overnight is that they didn't officially get that close gap yesterday

at I would expect it to "trade through" today

MAN,you know its third wave action when the market soars like this on news that Lehman may be `rescued` by someone!rofl
This is the fourth wave and will consolidate and chop your account up if you're looking for downward retracement or a pivot propulsion play. It'll get heated and violent here at the open with extremely high volatile swings until the fifth wave is ready to breakout to the upside. This is a glaringly blatant bull leg, but nevertheless a battle must be won.

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order to buy 1281.50,more near 1279 if hit.(great analysis Bruce and SPQR!)
high volume hits at the 88 area......and high tick
could it be we close at that 1290.50 magnet?
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