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KO
koolblue
Rep: 48,651
Posts: 16,032
Hey gang! Bingo on my market update posted last weekend for much lower prices this week! We are now in a critical stage for the markets.From the long term weekly and monthly charts there are proj down to 777 or so but i was hoping they wouldnt be achieved untill the next expected 'significant ' low when both the 45 day cycle(the one doing this damage) AND the even more powerful 120 day low are scheduled to bottom! Now , im not so sure! Our only hope is that if you remember back in sept ,the last time the 45 day bottomed. i was off by 2 days. I have fri. as the 'scheduled' low so it would actually be sweet if im off by 2 days again! LOL.. im going to take a look at the longer term charts again tonite to see what there saying now. Any way , for short term purposes , im long one from 842.50 and covering here just under the 1 min proj of 845.25
KO
koolblue
Rep: 48,651
Posts: 16,032
out at 844.00 for a little 1.50 handle gimme, but ill take it.
VO
VOwater
Rep: 133
Posts: 4,121
hey Kool...did they work you hard today?
KO
koolblue
Rep: 48,651
Posts: 16,032
Boring as heck! Awhat really sucked was no access to a computer or even a tv to see where the market was at! Ifeel relly vindicated tho. As you may know i called for 847.50 or so last weekend on the maket update thread almost 100 handles higher when every one was so bullish!
KO
koolblue
Rep: 48,651
Posts: 16,032
Iwent thru 'trading withdrawel' all day today!LOL
KO
koolblue
Rep: 48,651
Posts: 16,032
KO
koolblue
Rep: 48,651
Posts: 16,032
WHATCHA THINK,VO? MAYBE? Seems like at least a possible short term turning point maybe.
KO
koolblue
Rep: 48,651
Posts: 16,032
I still have weekly proj 812-13 and monthly to 777 or so, longer term, but was hoping we wouldnt see them untill JAN09!
KO
koolblue
Rep: 48,651
Posts: 16,032
long one again from 844.75, tight globex stop (2 handles) looking for 848-850, probably exit around 847 or so(hopefully!)
KO
koolblue
Rep: 48,651
Posts: 16,032
1 and 5 min boll avg(15 exp.)avg are roughly the same place at 845.25 hope fully will give at least short term support.
KO
koolblue
Rep: 48,651
Posts: 16,032
just exited at 846.25 only because theres a lot of orders at 847.00 and will take a while to work thru them.. plus 1.50 there ..now up 3.0 on the session
KO
koolblue
Rep: 48,651
Posts: 16,032
Whwew, bingo! there it is! 2.25 on each! now up 7.5 on the day and calling it quits! Talk to everyone tomorrow!