ES 11-28-08


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  • koolblue
  • 28-Nov-2008 at 7:07 AM
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Hope everyone is having a great holiday! The markets sure are. I see my 891 was finally achieved last nite. Next higher projection would be the daily projection around 904.50-905.50.
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  • koolblue
  • 28-Nov-2008 at 8:20 AM
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yeah, nice chart,VO! Hey i think im getting 874.00 again!... see 7:26 post!
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  • koolblue
  • 28-Nov-2008 at 8:22 AM
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5 min bar 881.25 low to 878.50
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  • VOwater
  • 28-Nov-2008 at 8:22 AM
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I see a 5m at 74.75 with that 60m very close
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  • koolblue
  • 28-Nov-2008 at 8:24 AM
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yup, and now the 5 min saying similar area. That kind of intrachart confirmation is what i always look for. The market is an open book ,constantly telling us what it 'wants' to do. We just have to learn to read...LOL
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  • VOwater
  • 28-Nov-2008 at 8:26 AM
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ive got some deadly 15m's in the low 860's
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  • koolblue
  • 28-Nov-2008 at 8:29 AM
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You know Vo, when we went to 740 and suddenly, analysts and even some on this forum began talking about 600 s&p i knew that we were likely close to a good bottom. Now im hereing 1000, and 1100 numbers being thrown around and its likely the market will dissapoint again! we may go there, but not till a good (closing ticks) decline first.
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  • VOwater
  • 28-Nov-2008 at 8:30 AM
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did you get a chance to squeeze any off yest. morning?...I got 1 real small winner just to be able to say I was profitable
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  • VOwater
  • 28-Nov-2008 at 8:31 AM
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fwiw...I just got a sell signal
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  • koolblue
  • 28-Nov-2008 at 8:32 AM
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SAME here i saw the 860 a while ago. Also , on the longer term its hard to believe we can mount a powerful, long lasting rally till the pressure from the 120 day(already turning down) and the 45 day(should flatten out ready to turn down by wed) wreck their havoc mid Jan.
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  • VOwater
  • 28-Nov-2008 at 8:32 AM
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they lefta gap @ 80.25
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  • myptofvu
  • 28-Nov-2008 at 1:31 PM
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quote:
Originally posted by koolblue

FWIW:


There were over 5k contracts to short at 905.00 that werent a fake they stayed there while being hit and until 1 min b4 the close.
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