ES 12-26-08

Good morning all! just sold 2@ the 15 min deadly projection of 868.50; Lets keep in mind however that there is an outstanding hourly projection of 871.25 yet to be fullfilled.

yes, I am trying to follow. So far so good!!

looking for a decline to that 867 area, but keeping in mind that 855.75 also! As always ill bail on my short well above tho.

quote:

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Originally posted by koolblue

looking for a decline to that 867 area, but keeping in mind that 855.75 also! As always ill bail on my short well above tho. (im just real short term by nature)

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VAH 865.25

POC 863.25

VAL 861.75

Yawn- so slow

note this decline was exactly the same as the first one? 871.75 to 869.50? could be that 855.75 is becoming more important, i dont know.

note also the cycle low at 8:46? hopefully not much higher...(actually came in at 8:45)

hey,P.T., have you noticed how many times in the last 2 weeks that 871.25-75 has appeared on the mp numbers? Amazing!

i have lowered my stop on my short to breakeven 871.25

quote:

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Originally posted by koolblue

note this decline was exactly the same as the first one? 871.75 to 869.50? could be that 855.75 is becoming more important, i dont know.

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kb, Where is the 855.75 projection / target coming from ?

Here is something to look at...

Using Kool's cycle method plus a fib fan+retracement
we get a possible price lineup coming next week. This indicates that there could be a possible big move ie straddle might be a good idea to look into... But Kools cycle is showing a mini'low' so maybe this move would be biased to the upside and there is also an abc pattern before this still not negated...
This is something I just came across, throw some ideas out there what you think about it?