MyPivots
Sign In
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    (Edited )
    Well, im quite certain no one believed me yesterday when i said a decline to 852 would not surprise me. Maybe you would be interested in this. I think it time to reveal the longer term price proj. for what its worth. The daily chart price proj. comes in at around 812.50. The weekly also gives 812 and a possible 777.50. The bottom of the cycle starting from 1576 bottoms initially in Jan. 09. The shorter term charts (60 min. etc.) also confirm 812 area and potentially down to 755.25. The worst case scenerio i can find on any of the charts is around 742-748. Whatever happens in the next few days,weeks and months we would be wise to remember these areas,even if not achieved soon, not for 'the bottom' but as potential turning points for decent bounces. Since they come from 'longer term' charts , they should be treated as areas for a trend change not necessarily 'exact' numbers. By the way , ive commented on the closing ticks many times. Nuff said.Also i expected a peak, from the daily charts on thursday. As we seemed to be declining into this time frame, that would simply imply very neg. cycle action. ill bet yesterdays high, or the day befores will certainly look like at least some kind of peak in the fullness of time. I could be completely wrong on everything ,of course, but just wanted to share some thoughts with my friends here on the forum. By the by, on last nights globex chart, the decline from the globex high(917.25) to the first significant pause at 2:40(863), gives a proj. to 775...very close to the 777 number from longer term charts. incidently , limit down during the day sessin would come in around 795 or so i think (not that i expect it to be seen, but since the 'triangle' on the daily charts has broken to the downside, i suppose anything is possible)
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    proj is 872 unless 882 is hit again. lowering stop to 882.50
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    corr. hit 882 while i was posting ...now proj to 873.50,, right at the 1 min avg
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    ill cover 875.50
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    out at 875.50...plus 6.25..
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    AND BINGO ON THE PROJ! illSHUT UP THE REST OF THE DAY , BUT WANTED TO EXPLAIN CAUSE I KNOW SOME OF YOU THINK IM'CRAZY' BUT THERE ARE VERY GOOD REASONS FOR THE TRADES I TAKE(NOT ALWAYS WINNERS OF COURSE)..
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
    0
    Done for the day at plus 31 handles...Cya! Good trading all!
    BE
    Benny
    Rep: 100
    Posts: 136
    0
    quote:
    Originally posted by koolblue

    Done for the day at plus 31 handles...Cya! Good trading all!


    have a good weekend be good
    PR
    prestwickdrive
    Rep: 2,057
    Posts: 1,098
    0
    singles 37.0-40.25 and 40.25-54.5
    RE
    redsixspeed
    Rep: 4,111
    Posts: 1,711
    0
    the lowest projection I have to the downside is 860.25 we'll see
    AK
    Akola
    Rep: 100
    Posts: 323
    0
    H&S pattern on ES on 5 min and 1 min

    one more pop to 870 and then we go back to break 840
    RE
    redsixspeed
    Rep: 4,111
    Posts: 1,711
    0
    quote:
    Originally posted by prestwickdrive

    quote:
    Originally posted by prestwickdrive

    +50% IB = 897. Sq 9s @ 886 & 901


    897 top so far


    great call PWD. I also like to confirm areas either by pattern,
    other #s i.e. so9, volume, and projections. The more I confirm
    the better.
    Thanks for your input