ES 11-25-08

daily: 1073 / 736.25
60m: 910.75, 899.50
15m: 916, 884
5m: 875.50,

need to retrace a bit before we get any downside projections

So far each move to the upside has had a lower high.

missed my entry by 2 ticks(gettin old?) .. cancelled and watching. Since were 20-30 min from a peak and very overbought , we probably have further to go on the upside... not much tho 852?

When do you expect the peak and at what price

i expect a peak (small?) around 1:33 or so and a better one (meaning a bigger decline after) 1:40-45 or so .price? hard to say have to watch but 848 could be a bounce or as high as 849 area. 847-9 looks like a good short to me(especially if its in those time zones.... just a guess!

just sold 848.25... too early so ill probably get killed here,

849.50, 5 min avg!.. 15 min 849.25

stopped at 851.25, so much for my advise ! selling again tho!soon!

maybe 855

first mini peak is in , one more coming...

853.75 or as high as 858? trying a sell at 853.25

Thanks VO. I haven't been working with Kool's cycle projection tool much and was experimenting this PM. I was using the cycle highs and lows and using 1.618 from the end of the cycle. In my notes I had Kool saying to use 2.618 from the beginning of the cycle. Using the 1.618 I had a cycle H to L of 17.5 when fibbed by 1.612 gave me a 28.25 point expectation which added to the cycle low of 833.5 gave me a 61.75 target. For that second cycle projection that negated I had 61.5 - 47.25 = 14.25 * 1.618 = 23 + 847.5 (cycle low)= 870.5 target. That's the one that didn't hit at the end of the session. Maybe I am oversimplifying it.