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.

SOONER OR LATER 869.50 is gonna crack...(i hope!)

all the vol is south and this animal feeds on vol!

globex gaps: 68, 66.25, 65.75

bare minimum proj is 867.50 and of course 865 75 so ill exit 867.75 hopefully!

kb, using 5 days of RTH bars this looks like a big sideways trading range , between 853 and 878, putting the market pretty near in the middle of that range

the 1 min avg at 869.75 should now act as resistance...short term

True, P.T. i think the proj and cycles are battling strong seasonal upside tendancys here ,but in the long run i think the cycles and projections will win out!

quote:

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Originally posted by koolblue

SOONER OR LATER 869.50 is gonna crack...(i hope!)

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finally, im short 869.25 on that break

UGH MISSED BAILING BY ONE TICK! (SO FAR)

IM TELLING U THIS THING WANTS 867 BARE MINIMUM!

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?