ES-09-03-08

Well, here we are gang, about aweek and a half from the expected cycle low i had commented about weeks ago. I must admit,this weekend my study of the charts looked to be short term bullish and i keep getting two projections over and over. 1226 and 1243. I really thought we would head there for a test of the 200 day average which would be an expected, and normal, bear market event. Is this the expected retest or a pause before the objectives are achieved? Time will tell.One thing is certain... this is going to be an interesting month! (ps.. sold 2 es at 1271.00 for a short term scalp) down 4 handles from a trade last nite.

Not sure , ihad my order in after we hit 1268.75,but as i was typing for this post at 2:01 we rebounded and slammed back down to 1268.50. Some kind of shakeout ill wager.
1

stopped at no damage...wow

usually the beige book doesn't move the market that much, right?

ill now try selling one at 1270.50, 2 point stop

oh it definitly can, depends on peoples expectations. order cancelled

selling 2 here

filled at 1271.50, 3 point stop

covering one at 1270.50

bailing remaining at 1269.50. good day all. up 13 handles and done for today.

there it is ...c ya tomorrow

;)