ES 12-26-08


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  • koolblue
  • 26-Dec-2008 at 7:21 AM
  • Rep: 48.6k
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Good morning all! just sold 2@ the 15 min deadly projection of 868.50; Lets keep in mind however that there is an outstanding hourly projection of 871.25 yet to be fullfilled.
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  • koolblue
  • 26-Dec-2008 at 9:39 AM
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SOONER OR LATER 869.50 is gonna crack...(i hope!)
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  • koolblue
  • 26-Dec-2008 at 9:40 AM
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all the vol is south and this animal feeds on vol!
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  • VOwater
  • 26-Dec-2008 at 9:42 AM
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globex gaps: 68, 66.25, 65.75
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  • koolblue
  • 26-Dec-2008 at 9:42 AM
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bare minimum proj is 867.50 and of course 865 75 so ill exit 867.75 hopefully!
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  • pt_emini
  • 26-Dec-2008 at 9:43 AM
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kb, using 5 days of RTH bars this looks like a big sideways trading range , between 853 and 878, putting the market pretty near in the middle of that range
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  • koolblue
  • 26-Dec-2008 at 9:44 AM
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the 1 min avg at 869.75 should now act as resistance...short term
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  • koolblue
  • 26-Dec-2008 at 9:47 AM
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True, P.T. i think the proj and cycles are battling strong seasonal upside tendancys here ,but in the long run i think the cycles and projections will win out!
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  • pt_emini
  • 26-Dec-2008 at 9:47 AM
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quote:
Originally posted by koolblue

SOONER OR LATER 869.50 is gonna crack...(i hope!)


finally, im short 869.25 on that break
  • 0
  • koolblue
  • 26-Dec-2008 at 9:48 AM
  • Rep: 48.6k
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UGH MISSED BAILING BY ONE TICK! (SO FAR)
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  • koolblue
  • 26-Dec-2008 at 9:51 AM
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IM TELLING U THIS THING WANTS 867 BARE MINIMUM!
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  • sjzeno
  • 27-Dec-2008 at 1:05 PM
  • Rep: 424
  • Posts: 142
Here is something to look at...

Using Kool's cycle method plus a fib fan+retracement
we get a possible price lineup coming next week. This indicates that there could be a possible big move ie straddle might be a good idea to look into... But Kools cycle is showing a mini'low' so maybe this move would be biased to the upside and there is also an abc pattern before this still not negated...
This is something I just came across, throw some ideas out there what you think about it?



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2008 12 26 toschartsfibfanretracementpluscycletechniqueliningup

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