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.

;)