ES 10-27-08
Man, just had an amazing scalp sell putting me up 9.25 as i head into the open... watching
Hmmm.. tape really looks bullish ...
reduced my load here .. at BE
Stopped on balance ...
stopped at 869.00 minus 3 twice! ... WELL THIS IS VERY BULLISH ACTION AND PROBABLY HEADED TO MY 903 PROJ. IN TIME....watching
IB is 852-882. +50% extension would be 897 and -50% extension would be 837
The hourly cycles show a very decent bottom around 12:30, and this is being confirmed by shorter term charts
we also have a whatever % rule for today to 882.75 that technically hasn't fulfilled (got within .75). The "rule" failed twice last week.
buying 868.50
ill exit both around 871.25 if given the chance
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