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ES 11-20-08

here we go!
CANCELLED..SEE,PREST THE 1 MIN BOLL AVG IS 800.75, never the first time hit!
5 min avg is 795.08
dow trying to lead higher is a concern for longs
missed that buy by 2 ticks! waiting for 809 and 812-13
L @ 80.50
looking for 812.75
order to sell at 810.75
stop to 81.50
should be about 10 min
oh well it look good on paper
Originally posted by VOwater

prestwick where did your BAV end up

Here is how it finished VO. Notice how big money (white line) really sold hard on the break of 772-770 around 14:33? At the same time small money (brown line) started to net buy heavily. I rarely see small money's conviction outweigh the conviction of big money, ala today. Bigs look to have done some covering into the close. That 770-72 area should be watched tomorrow if we test it as it is likely that big money will try to defend the sells they started there unless some news changes the nature of the market.
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