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koolblue
Rep: 48,651
Posts: 16,032
Interesting action. My inclination to believe we drift upward till the 6th would seem to be coming to pass. currently on a short term basis, i have a proj. to 992.50 and am looking to sell a retest of the recent high for that reason.
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palmer
Rep: 415
Posts: 675
you saying the 6th day should be expected to be the top of this uptrend>?
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koolblue
Rep: 48,651
Posts: 16,032
well, yes Nov6 the upside energy should be dissapating, but take my 'long range' forecasts with a grain of salt! Im a scalper and not all that great at longer term stuff! I know there is a significant cycle low coming Nov13-17th and basically think after thurs. we trend down next week. just went short one es at 990.50... 3 point stop
KO
koolblue
Rep: 48,651
Posts: 16,032
Looking for 986-987 area to exit
KO
koolblue
Rep: 48,651
Posts: 16,032
slightly risky trade since the price proj. of 992.50 has not yet been seen.
KO
koolblue
Rep: 48,651
Posts: 16,032
covered 987.50 for that reason...plus 3.0 on that one
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koolblue
Rep: 48,651
Posts: 16,032
I would expect to see below 986.00 however
KO
koolblue
Rep: 48,651
Posts: 16,032
looks like shes wanting that 992.50 proj.
PA
palmer
Rep: 415
Posts: 675
992.5 and more
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koolblue
Rep: 48,651
Posts: 16,032
ill sell it if we get there
KO
koolblue
Rep: 48,651
Posts: 16,032
wow, you got that right! short one at 992.50, 3 point stop
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koolblue
Rep: 48,651
Posts: 16,032
Also note , couting from the bar #7 peak to the next good peak at 992.50 before it starts down gives the exact 1 min bar when that cycle ends!(987.50)