Globex 11-19-08
outstanding projections: long term (weekly) 812-13... 5 and 15 min 854.00 (unless 869 is touched again)
sold 857.50, covered 854.50..plus 3 flat on the day,
obviously too early on that cover
its my style,friend
i was hoping for us to gap up today - would be a nice short in my opinion
Sooner or later we'll fill that gap pointed out by VO, count on it! im going to try a short at 855-56 in the meantime .(if they let me!)
yep definitely think they take us green today
well, they could run it back to 858, but ill try a short at 856.00,so my stop is above there
5 min avg at 855.00 will be hard to get thru tho.
1 min proj is 856.75
Now negated...sigh ,originally had my order at 855.25, but trying to be more 'conservative' today!...watching
by the way, this is the expected bounce from the (page one) 846 level. the fact that it was exceded by 5 ticks lends validity to my statement about lower projections ahead, in my opinion. dont forget about the gap at 866 tho. currently 1 min proj is 852.75 where the 5 min avg is hanging out ,but i dont like to trade the pit open volitility generally
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