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Globex 10-16-08

Well gang, we certainly went true to form yesterday,plunging thru 920 and my downside objective at 912. We are definitly in crash mode! On the plus side, closing ticks on the nyse are more indicative of a rally than a crash at -700. Ithink we had a Lowry 90% down day and my price proj. from 1067 at 878.50 can be considered fullfilled by tonites globex low at 880. On the negative side, i have outstanding sownside proj. from the weekly charts around 815 and monthly charts to around 777 not yet achieved. Oil is down again at 72 or so , as investors worry about global recession, and the libor is still around 4.5& indicating the credit freeze continues. Not a rosy scenerioby any stretch. Lets be very careful out there and remember, its a bear market!
Almost, trying to wait for 916!
Thats it, short one at 916.50, 3.25 point stop...If it breaks above itll likely run to 924 or so
looks like im wrong , exiting soon!
covering 915.50
done! plus one there...up 7 now... watching
Maybe too nervous,proj. down is 907
selling 915 area again
short one at 915.75, 3.5 stop...
just trying to get 2-3 handles here
still looking like 907 or so to those 'longer 'term than me.
switching to es thread
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