Globex 10-13-08
Still looking for a low of some sort around Tues -Wed. Now i see that 'wacko' Cramer is starting to say the same thing. That makes me nervous but ill stick with my opinion ,for now.
Some one from work asked 2 weeks ago, how would i know when the bottom is in? I told them i wanted to see an 800 point down day recovering to finish flat or up. We came pretty close to that fri. You know all the tech. stats... pretty much historical figures on most of them so the long awaited(for me) intermediate term rally is either upon us or very ,very close. Just want to get thru this cycle low period first before i jump on the band wagon.
Ill try selling one at 924.00.
The danger on this entry is the possibility of a run to 927-30 zone... just cant tell for sure.
FOR THAT REASON STOP IS AT 928.00. looking for 921 area.
stopped out ... down 4 on the session
selling one at 929.50
im in ..tight 2.5 stop
5 min. and 1 min. now overbought, 15 min close
selling one more here
now short 2 at 929.50 ..2.5 stop
ALSO THE PEAK AT 949.75(5 MIN. ) TRAVELLING TO 939.75 BEFORE MUCH INTERUPTION.
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