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ES 1-5-2009

Watching the 910 area this morning...

VAL 910.25

910.50 is the 61.8% retrace level of Friday's up trend.

Below 910 we have the 904 level:

Weekly Pivot Point at 904
Daily S1 at 903.75

904.25 is the 78.6% retrace of Friday's up trend.

POC at 913.75... will probably be ignoring this level today.

Pivot Point 918.25... will be ignoring this level also.

good morning Palmer...good luck to you too
chart update... sellers off the opening range at the 205.8% level

Click image for original size
205.8% rejection at open
l @ 22.75
l @ 21.50
stopped 20.25
s @ 20.25
1 off 18.75
flat 18.75
the initial retrace off of 24.25 got us to 20.5. the impluse move off of that gotr us back to 24.25. can we use that 20.5-24.25 move to get a 14.5 projection? TY
Projection off Opening Range

Click image for original size
projection off OR...
Originally posted by Margie

myptof, I thought you were joking the other day, hilarious!

lol, no its real...its just a divergence trade, need to have been in a trend and a higher high or double top (or close) The divergence is the big thing. I ended up drawing eyes and naming it for my own amusement. I've been calling it the Batman for years now.
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