GLOBEX 12-04-08
Some thing to ponder, besides the 872.50 21 day moving avg on the daily chart.... 1008.50 top- 739 low was 269.5 points and a 50% retracement is ...(drumroll),... 873.75 Small wonder the 872.50-877 zone is giving at least some short term resistance. Also note that the entire crash from the May top at 1441.00 to the crash low at 739.00 is 702 points. 0.236 retracement comes in at 904.50. REMEMBER THE DAILY PROJECTION OF 904.50?(STILL VALID UNLESS 739 IS TOUCHED AGAIN).
well well, theres our 1000 poster child at last!
missed that move down dang-
Morning VOgirl :)
Morning VOgirl :)
Vo, look at the 7:45 proj... im foaming at the mouth!
maybe we hit 853.25 now
yup,theres the first proj. hit from the 1 min chart
I assume thats news related?
actual projection 855.93, actual price was 855.50!
as it smokes right past the pp
BINGO 853.25
yeah, and theres the rub! POSITIVE NEWS! should have gone straight up! ...ecb cut rates
with the last major pre market cycle high of 74.25 to the cycle low of 50.5 don't we get a projection of 89.0 unless 50.5 is taken out?
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