ES 09-25-08

I still smell a rally to the upside.

here comes avg. plus 5. one min. price proj. around 1205 area? my tech. only half way to oversold.Interesting point Congress is now meeting behind closed doors on bailoutBen and PPT Paulsons deal. Just the hope that a deal happens and the dow shoots up over 200 points.Adeal is possible at any time. So be very care ful shorting this market. WHen a deal is announced (some time this weekend?) this market could be a rocket ship up!

OK,Karen , tex, Increase pop will set u up after the close today(thx POP)Ihave to leave for work about 4, but if u e- mail me pop the time ill be happy to oblige

In case anyone is interested, the BAV is indicating that big $ is really buying in to this move up today. This chart shows several days of action. Big $ is the white line and the degree to which big $ is net + or - is significantly larger than prior days. Also, small $ is net negative for te day and when that happens big $ usually wins. FWIW bigs are net +63000 now.

Saturday sounds great.

Margie, our calls are looking really good, and in my opinion, you aint seen nothing yet!

Great chart, Prest! Ithink big money began loading up yesterday didnt they?

i gotta stop being a dick for a tick, i had an order in to short at 1218.25, bah

Kool - you are right. Check out right before the close yesterday. They bought a net +20k contracts off of the low and into the close and have accumulated ever since. Notice today how they let the market come in without their net selling and then spiked it?

thanks pekelo.

great info and i would like to share with u guyz.

1. Dow breaks above 50 in the first 10 mins. If we are up 70-80 points by 9:45, we have a good chance the day being an ADU. Usually there is a top around 9:45 and another around 10. This is the best time to get short.

2. Dow is pulling back 20-30 pts into 11 am. It doesn't have to be exactly 11 am, +/- 10 mins. 2nd best time to get long for the day after closing the shorts from 10 am.
To catch the bottom of the pullback the best is to use W %R. The Dow usually doesn't drop below 50+....

3. Hold longs until the midday top between 12-12:30. To time the turns I use BBs...In the classic version, the Dow should be up 100-130 pts. Switch to short.

4. Pullback of 30-40 pts, bottoming between 1-2 pm. Again, timing it with BB ...Get long until almost to the close...

5. HOD is usually between 3:30-45, with a little pullback at the end. It could run up into the close, though. Dow is up 120-150 or whatever, depends on how strong the rally was.

this ascending triangle here has some strength imo, think we are about to see new highs

Half out at 93 +19 on those...SL on rest at 1210, next target is 1174.