ES 09-09-08


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  • CharterJoe
  • 9-Sep-2008 at 7:49 AM
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Here's some sq of nine S/R #'s I am looking at today....

1315
1297
1283.5
1279
1268
1261
1247.5
1243

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  • CharterJoe
  • 9-Sep-2008 at 9:31 AM
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Short @ 65.5 targeting 50.75
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  • koolblue
  • 9-Sep-2008 at 9:43 AM
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selling here
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  • koolblue
  • 9-Sep-2008 at 9:45 AM
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short 2 @ 1266.00,4 point stop
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  • BruceM
  • 9-Sep-2008 at 9:46 AM
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highest volume bar of the day came in at the minus 8 number but ticks only at a minus 600....based on volume alone it looks like they want to test higher from here
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  • CharterJoe
  • 9-Sep-2008 at 9:50 AM
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Bruce,

I was reading in your pit bull thread last night, and todays low was 8 points off the open ;)

Edit-grammer
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  • koolblue
  • 9-Sep-2008 at 9:53 AM
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covered at 1266, breakeven... watching but looking to sell
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  • BruceM
  • 9-Sep-2008 at 9:54 AM
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oh man those 8 point numbers are so cool...I would modify it to be in the 8 - 10 point range...but If I saw a plus or minus 4 into a key number with ticks and volume then I would most likely take the trade...but generally speaking the minus 8 is amazing...and plus 8 on upside...some use increments of 4 after that...12, 16 etc....like anything else we need to see some other signal to help pull the trigger
Pending home sales and wholesale inventories #s at top of hour
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  • BruceM
  • 9-Sep-2008 at 9:58 AM
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As you know I work with fairly simple ideas....and most are horizontal in nature...most are so simple that folks can't believe they work......I guess thats why sometimes I am a tough critic on things that look complex to me.......always refreshing when I'm proven wrong though and keeps me humble
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  • CharterJoe
  • 9-Sep-2008 at 9:59 AM
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That fellow you were giving credit to in that thread was it Buzzy Shwartz, it sounded just like him?
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  • CharterJoe
  • 9-Sep-2008 at 10:27 PM
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Bruce if you split the red lines it called the high i.e. 1261 sq root +.125 squared = 1269.89 RTH high was 1269.5
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