GLOBEX 12-04-08


  • 0
  • koolblue
  • 3-Dec-2008 at 6:12 PM
  • Rep: 48.6k
  • Posts: 16k
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).
  • 0
  • koolblue
  • 4-Dec-2008 at 8:31 AM
  • Rep: 48.6k
  • Posts: 16k
of course ...stop run at 7:45! they wanted all the longs out! REad the posts when you get a chance!
  • 0
  • VOwater
  • 4-Dec-2008 at 8:32 AM
  • Rep: 133
  • Posts: 4,121
gotcha turk...and again welcome
  • 0
  • koolblue
  • 4-Dec-2008 at 8:32 AM
  • Rep: 48.6k
  • Posts: 16k
gotta run .. see ya in about an hour! ps: the slight overshoot down of the 851.25 proj is IMPORTANT!.. C ya!
  • 0
  • VOwater
  • 4-Dec-2008 at 8:34 AM
  • Rep: 133
  • Posts: 4,121
so your a pattern freak too huh Turk...we will get along...what time frame do you trade?
  • 0
  • Turk
  • 4-Dec-2008 at 8:36 AM
  • Rep: 0
  • Posts: 92
I have traded on a 1 min up until a week ago when I heard someone I really respect say they traded on a 610T, so I changed. I am now back on a 1 min.
  • 0
  • Turk
  • 4-Dec-2008 at 8:38 AM
  • Rep: 0
  • Posts: 92
If I am calculating the time cycle right on a 1 min. are we looking for a cycle top in the 8:54 time frame?
  • 0
  • VOwater
  • 4-Dec-2008 at 8:38 AM
  • Rep: 133
  • Posts: 4,121
aahh...I trade the 610T...but its basically the same as 1m, sometimes its like 30s and sometimes 2m (during trading hrs with action of course)
  • 0
  • Turk
  • 4-Dec-2008 at 8:39 AM
  • Rep: 0
  • Posts: 92
You are the person I am referring to.LOL
  • 0
  • VOwater
  • 4-Dec-2008 at 8:43 AM
  • Rep: 133
  • Posts: 4,121
lol...I tried 233 a couple years back but was just to fast, which sometimes the 610 can be when things are rocking
  • 0
  • Turk
  • 4-Dec-2008 at 8:44 AM
  • Rep: 0
  • Posts: 92
50% retracement at 854.5?
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?
Emini Day Trading / Daily Notes / Forecast / Economic Events / Search / Terms and Conditions / Disclaimer / Books / Online Books / Site Map / Contact / Privacy Policy / Links / About / Day Trading Forum / Investment Calculators / Pivot Point Calculator / Market Profile Generator / Fibonacci Calculator / Mailing List / Advertise Here / Articles / Financial Terms / Brokers / Software / Holidays / Stock Split Calendar / Mortgage Calculator / Donate

Copyright © 2004-2023, MyPivots. All rights reserved.