Hey gang,have to leave at 11 today so i tried to bank afew handles on globex last night.If you read my weekly market analysis, you know my viewpoint. Nothing so far changes it. we have the significant decline indicated by fri closing ticks over plus 800. I think the selling may carry into the morning but im becoming more bullish the lower we go(refer to globex 9-23-08 thread).
Any body ever notice how many times 1241-43 has showed up as a vah, val , or poc over the last week or so? Seems like a very important area.
Adding to the spotlight on the 41 area, the next higher single ticks are 41.5-50.25.
Margie, take note on the one min. chart move from 9:50-10:01(1222.75-1213.75). I dont really expect to see that today ,(negated if we touch 1222.75 again, but keep that proj. in mind.)...1199.25.... also in terms of time , see 9:40 one min. bar to around 10:01 bar?C onfirmed by 10:02 bar to 10:10 bar... both giving same zone around 10:21-28 for a top. time will tell however as im not expecting any thing severe
Then notice Margie the final nail in the coffin 10:10bar to 10:17 bar (plus one ) nailed it dead on at 10:27 bar....Ididnt take the short cause i have to leave for a few hours and my 5 min. techs.were not quite oversold enough (and im too busy typing). cya few hours, gang!
Kool, thanks. Please trade first then answer questions. I do not want to be a nusance.
Waiting for a test of 1200... Might buy there.
targeting 92.50 for long
What made u change from 1200 to 92.50 pop?
simply watching how easily price sliced through that level :)
like a hot knife through butter..lol
I had 12 points on a short @ 4:15 (over 9k paper profit) I held it overnight I never hold overnight LOL unless there's a coming Asia crisis or a Buffet Bailout, well at least I had enough since to go long after the news, was up a LOT now not so much, 12 points is always enough no since in holding overnight. I mean it this time I am not holding overnight! Now I have 6points on along and feel glued to the screen...