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ES 12-09-09

Good morning. Doesnt look like i missed a whole lot . this is my last day trading Dec. Tomorrow i switch to Mar. Well , well , i get a kick out of surfing all the blogs. It appears everyone is 'confused ' by this obvious side ways consolidation.. lol. I told you we needed more time. That time is almost over, but i'll wager not quite yet!! Although the major cycles are up into Jan and possibly even Mar.,on a shorter term basis, the next good cycle lows will probably hit right before Christmas! Is nothing sacred anymore? LOL. For today or tomorrow, im looking for 1079-1081 to be kissed before any real rebound .DOESNT HAVE TO , BUT I JUST THINK IT WILL. Here's a look at some areas to keep an eye on as we start the day....
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Ugh!..That break of 1090.25 aint good!..that means it probably wants 1087 and change!... Raising my stop to 1088.25..
stopped at 88.25 for a 2 handle loss .. looking to re-enter lower...

buying 2 at 1087.50
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This is the second day in a row that the big boyz have diverged from the retail crowd! any thoughts on what that means?...
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You saw my previous one min chart with the projections at 1087.50 and 1087.75? As we approached it, i saw tons of vol at 1087.50 (2500 or so) so i raised my buy order to 1087.75... and got one ticked! It amazes me how ,even if you know the future, its still so difficult to be a great trader! I guess thats what continues to spark my interest in trading after all these years!...LOL
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Im in for 2 es here.. i'll probably exit around 1089.50.. have to leave for half hour at 1:45pm...
Well ,basically ,another day of mish-mash,which could last a while yet! When the breakout of the last couple weeks trading range does come, we will have to be on guard for a fakeout and reversal! Hope everyone had a good trading day!
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