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).
I have always liked having orders resting and it is important for me to know when a bar paints. Can't do that with the tick charts.
that was an easy 1.25 pts...they left a gap at 56.25
time for shower brb
Explain the gap to me. I don't see it on the 1m or 610T
Woudln't surprise me to see that 841 VAL today
if you have good data you will see that the 7:42 candle closed @ 56.25 and the 7:45 candle opened at 56...the 7:45 candle never traded higher than 56...hence the GAP
shorting one here 857.75
Turk look @ the 8:08 1m candle closed @ 57.25, the 8:09 candle opened @ 57 and never traded higher...the 8:11 candle traded as low as 55.50 - should have been easy money for 1m watchers
looking for +2, stop 2.5
out +2
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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