MyPivots
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koolblue
Rep: 48,651
Posts: 16,032
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!
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koolblue
Rep: 48,651
Posts: 16,032
out at 913.25, for a quick 2.50.. up 9.5 and watching...
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koolblue
Rep: 48,651
Posts: 16,032
BUYING THE TRIANGLE BREAK!
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koolblue
Rep: 48,651
Posts: 16,032
LONG ONE AT 916.25, 3 POINT STOP
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koolblue
Rep: 48,651
Posts: 16,032
5 MIN. BOLL. AVG . IS 913.75. Idont want to see it broken or i just bought a head fake!
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koolblue
Rep: 48,651
Posts: 16,032
@#% , im gone ...loss of 3 ..now up only 6.5
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koolblue
Rep: 48,651
Posts: 16,032
bingo! theres the proj. ...907!
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koolblue
Rep: 48,651
Posts: 16,032
buying one for a quick bounce
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koolblue
Rep: 48,651
Posts: 16,032
long one at 904.50(lower 5 min. boll band ) 2 point stop.. looking for 3 handles
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koolblue
Rep: 48,651
Posts: 16,032
stopped out ... up 4.5 now
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koolblue
Rep: 48,651
Posts: 16,032
selling 2 @ 908or higher
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koolblue
Rep: 48,651
Posts: 16,032
switching to es thread