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Globex 10-27-08

Here comes another fun week! And it will likely stay that way untill the vix begins trending down . Closing ticks ,while very neg. at over 400 were not at the level of danger(over800). New highs remain under 15, and new lows continue to expand. When the 'bottom' is in ,you will see this pattern reverse. Daily cycles call for a bottom wed to thurs., but keep in mind the fed meets and will likely lower rates again by 2:15 thurs. Also be aware of a tendancy of market strength from the last day of the month into the first 3-4 days of the new month. That would line up with my cycles nicely which have a top around the 4th or 5th and decline into the 45 day cycle mid Nov.(remember that one?). Time will tell... good trading all!
covered 836.50 on both(avg price 835.50) 2 total...up 6.75 on the day
selling one here
short one at 843.50, 4 point stop
stopped for a loss of 4 ..up 2.75
taking a nap ...see ya soon..
selling here
short at 865.00, 4 point stop
wow!...covered 858.50,plus 6.5 on one only... up 9.25 ...waiting for the open now
Good morning,
Price proj from 5 min at 7 ET projected 866, is that correct Kool?
TRADERS LOUNGE... ES 10-27-08!
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