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    Big Mike
    Rep: 8,097
    Posts: 696
    3
    (Edited )
    The levels that I will be watching today are:

    1271-1274 LVN

    1263 LVN-2011 Open-Wkly DeMark R1

    1256-58 LVN-Daily R1

    1250-51 LVN

    1245-47 LVN- DeMark Wkly PP

    1240 LVN

    1235-36 Last weeks High-Yesterday's Low
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    we are real close with numbers today big mike..gonna be a good day...heres my take:


    The traditional MP numbers are matching up well with our LV zones today. So I am using:

    1250 - 1251

    1245 - 1246.75

    those two zones span the big bell curve on the lows and highs. The reality is that we have the 1254 left over from yesterday that never printed but as I type I see the Overnight has found resistance there so far. That needs to be monitored. For me we have now a big upper band at 1250 - 1254..buyers would need to hold above that zone in the day session to keep any rally alive and sellers need to keep price below. A big zone but that doesn't mean we still can't buy ( on a higher open) down near the 50 - 51 or sell at the 54 area...

    Above 54 I'd be waiting to sell up near the 58.75 - 60 area. Below the 45.25 area we need to watch the 41.25 - 42.50. These zones are tight and having zones at every 2.5 points of range is not an easy thing to trade from. Below 41 we have a low volume area that stretches from 38.75 all the way down to 34 area and I will not initiate long trades until we get down to the lower part of that zone...near 33 - 34

    Now we just need to wait until 9 a.m. to see if anything sets up but the most important thing will be the RTH open and which zone we trade to first. Good luck today
    DE
    della
    Rep: 550
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    That was fun
    DA
    DavidS
    Rep: 3,181
    Posts: 557
    1
    36.75 and 32.5 the 62 and 50% levels between 1215 and 1250)larger 50 and 62% levels)
    1223.75 the Key level as it's the top of the box from all the range of last 2 months
    1263 the target from breakout but nothing trumps the Key level
    DA
    DavidS
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    retrace levels from that drop
    37.75,41,and 44 the 38,50, and 62% levels
    forgot the 38% level in prior post-28.5 ballpark
    DE
    della
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    watching this 42.25 area LV
    DE
    della
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    where is everybody???
    DA
    DavidS
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    Open creates a lower high,negative day unless closes higher on those daily charts.

    Just a thought but an equidistant move down from 1242 is 1215, if it get more negative into the close.

    I have a triangle on the 10 min chart.

    DJI levels-intraday mean currently at 11827 area
    11743,11775,11837 and 11900 live today
    below is 11712,11686, and 11650
    above 11900 and move in 62.5 and 125 point increments as I don't chart it. works for me
    DE
    della
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    we are building below the 37,38 area makes me wonder lower this after noon
    DE
    della
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    if this 5 min candle stays here then we have a triple BRUCE thing
    DE
    della
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    lisa are you here
    DA
    DavidS
    Rep: 3,181
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    box top
    1223.75
    23.50 under,1219 1216 and 1215 after
    reversal possible if it can hold on a recapture
    meager bounce there so far