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

good trade for me...fast I need buy/sell signal not just a number

Volume for NYSE getting close to turning to the downside as Nas already is.

very nice trade VOwater I was hoping with you I missed my entrance @ 60.25

thanks bbrad...I think it wants the 5m @ 41.50

wow I covered way to soon

If we keep going lower 1xIB 34 even if my math is correct

I have -50% IB @ 47.5 and -100% IB extension @ 39.75

Volume for NYSE just went to the downside. That is both of them now. !!!!

l @ 45.50 1st 48.50 2nd 52,75

moved stop to be

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.