ES 12-18-09
Man , the moon, cycles and now options expiration day! It never gets any easier.lol.. im sort of expecting a decent pop up on the open and a quick reversal, but time will tell!. waiting to see if that 1105.75 gets it.
BINGO..we have a winner! now thats more like it! out at 1092.50..plus 2.5 there. up 4.25 on the day. grapping some lunch.. back soon
Click image for original size
Well so far , we had some follow thru from the usual down thurs. and a pretty good reversal friday , which should continue up thru monday! im going to sell two at that 1095.00 level..(risky)
Reasoning goes like this: we know there is a projection there, it appears that would complete at least 3 waves up and possibly 5. And the 13 min and 5 min indicators are now overbought.
TAKING ONE OFF AT 1093.75 (HOPEFULLY)
THAT LITTLE DECLINE WAS A NO BRAINER CAUSE OF THE RED AVERAGE(15 EMA). now ill cover the other at 1092.75 i hope...lowering my stop to 1095.50...
out one at 1093.75...too easy!
Click image for original size
out one at 1093.75...too easy!
stopped at 1095.50 on the other one..sigh loss of 0.50..watching
But what the hey! up an even 5 handles on the day...
Click image for original size
By the way that was a great purchase at 90, I couldnt pull the trigger, kept seeing 7.25 in my charts
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