ES 10-13-08

Up 13.75 so far on the day, looking for lower prices after a rebound.

selling one at 943.75, 3.5 stop

i think 1 topic should be good for both globex and es

if we should turn here(i hope!), then well trend lower till 11:05 or so.

Long from 946, targeting 974 I'll buy puts at that time.

STOPPED ..3.75 LOSS SIGH.. UP 10.75 NOW

WOW,its getting very overbought on all time frames, gotta sell up here somewhere!

selling 2 @ 954.50, 3 point stop

just an interesting 'coincidence' but strictly in terms of time 9:40 or so is .618 the downward correction from 4:10(948)to about 8:10.

looking for 939.50, covering at 940.50

oops meant 949.50, 950.50...sorry

1003 now...50 point run since lunch S&P up almost 100