ES 11-20-08


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  • koolblue
  • 20-Nov-2008 at 9:29 AM
  • Rep: 48.6k
  • Posts: 16k
here we go!
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  • BruceM
  • 20-Nov-2008 at 2:54 PM
  • Rep: 216k
  • Posts: 19.9k
that would be great VO
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  • VOwater
  • 20-Nov-2008 at 2:56 PM
  • Rep: 133
  • Posts: 4,121
if we take out low then we know were not in wave 2 and as you say kool look out 02 lows
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  • BruceM
  • 20-Nov-2008 at 2:57 PM
  • Rep: 216k
  • Posts: 19.9k
problem with the try at a rally is that there are so many volume areas to bust through today so I'm not going to count on that...but like anything else, there may be a stronger force greater than a few volume areas ..hope it rallies though
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  • koolblue
  • 20-Nov-2008 at 2:57 PM
  • Rep: 48.6k
  • Posts: 16k
yeah, there is a chance ,cause 5 min is only calling for 79.75 here!
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  • BruceM
  • 20-Nov-2008 at 2:58 PM
  • Rep: 216k
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you would think that there must have been some options folks protecting those 775's...what happens if they are all cleaned up? Do we just fall from here? Yikes!!
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  • VOwater
  • 20-Nov-2008 at 2:58 PM
  • Rep: 133
  • Posts: 4,121
if we dont take out lows they will rally it imho
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  • palmer
  • 20-Nov-2008 at 2:58 PM
  • Rep: 415
  • Posts: 675
there you go 779. Missed this move but I said I was done :)
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  • koolblue
  • 20-Nov-2008 at 2:59 PM
  • Rep: 48.6k
  • Posts: 16k
hope so cause i just went long 2@ at 779.75! 3 point stop
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  • koolblue
  • 20-Nov-2008 at 3:00 PM
  • Rep: 48.6k
  • Posts: 16k
gotta get above that 1 min boll avg at 783.50!
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  • koolblue
  • 20-Nov-2008 at 3:02 PM
  • Rep: 48.6k
  • Posts: 16k
covered one at 784.50, nice 4.75 scalp.. putting my stop at the recent low 778.50 on the other!
quote:
Originally posted by VOwater

prestwick where did your BAV end up

Here is how it finished VO. Notice how big money (white line) really sold hard on the break of 772-770 around 14:33? At the same time small money (brown line) started to net buy heavily. I rarely see small money's conviction outweigh the conviction of big money, ala today. Bigs look to have done some covering into the close. That 770-72 area should be watched tomorrow if we test it as it is likely that big money will try to defend the sells they started there unless some news changes the nature of the market.
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