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JI
jimkane
Rep: 3,058
Posts: 33,089
ES discussion for Thursday 8/20/09
MR
mreiserer
Rep: 110
Posts: 2,220
right at the 150 IB
JI
jimkane
Rep: 3,058
Posts: 33,089
Yep. I've got an ending wave count here, the 150 IB, a key GLOBEX line, GLOBEX .786, a lot of things, and it closes right there. That may mean:

a) we head down a bit from here, or much, much more likely in my opinion:

b) it gaps well over the area tomorrow and we see new bull market highs

c) none of the above

I think the odds favor b) by quite a bit. We'll see. Calls off that .886 gap retest at yesterday's open look brilliant so far.