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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!
out at 925.00, still looks like 922 or so.. up 4.5 on the day
down 1 tick for today
buying 926.50
missed my ideal sell number at 30 and I'm chasing from 27.50....38.75 to 41 is my next key zone.....hopefully it won't go is down in the 17.50 area.....
one only , looking for 929-30
yeah,Bruce , you might be right , i have a current upside proj. of 939...long one from 926.50 now
darn, stopped at 923.50.. loss of 3.. here comes another attempt at my 922 area
buying 918.50
5 min. avg. is at 913.50, should support it magic today..will try to hold for 906 as secondary target..
switching to es thread