ES key numbers 3-11-11


1390.50 all that great volume on Thursday

1394.50 - a peak volume price based on time and VWAP

1301 - 1302 Thursdays highs and a key area


1308 - 1309- adjusted numbers from March contract

1316 - 1317.50 - adjusted numbers from march contract

It seems like we may be overcooked to the downside so Hoping for a gap lower in the morning to set up buys......and will need to use overnight numbers to key off of as I really don't have any good volume numbers below todays lows..
flat at 94 even
great job Bruce... heres hoping!.. next stop could be 1292.25 in time ,but if she ever gets back to that 1290.50 i'll be foaming at the mouth to buy!!! its also very possible this 1294 could be the next lauch point of course, but im thinking lower
here is why I took that...they are trying to push away from the 94.50 on lower volume....u can see them running out of power as they try to push up and away from it...
Originally posted by BruceM

trying again from 97.50...we'll see if the volume divergence plays out

Click image for original size
voldiverge
Originally posted by koolblue

great job Bruce... heres hoping!.. next stop could be 1292.25 in time ,but if she ever gets back to that 1290.50 i'll be foaming at the mouth to buy!!! its also very possible this 1294 could be the next lauch point of course, but im thinking lower
btw, the next 5 min bar that starts at 1:25 should contain a short term low?
"on The road to Shambala" Had that on a 45 as a kid.....
Originally posted by BruceM

"on The road to Shambala" Had that on a 45 as a kid.....
LOL.. actually at that time i was 16 (1970) and really more into Stones, Steppenwolf, and Led ZEPPLIN. But they came to this tiny little pavilion to play in front of maybe 200 high school kids, and thats how we hooked up!. They couldnt have gotten more than a few hundred bucks for playing there! lol... i also saw Iggy stooge ,later called iggy pop (a total psycho who scared me to death! AND My favorite, Ted Nugent . This was before fame hit any of them ,of course!... only partied with three dog nite ,tho... the guitarist is the short little guy in the yellow shirt.
Well, back to matters at hand.. one min proj up is currently 1297.50 and i see the 5 min median line is there, so if we are continueing to 1302 we will have to face a sruggle there first i'll bet.
Originally posted by koolblue

Well, back to matters at hand.. one min proj up is currently 1297.50 and i see the 5 min median line is there, so if we are continueing to 1302 we will have to face a sruggle there first i'll bet.
.. Man ,i'd really hoped for a quick drop to that 1290.50 area to washout any longs (since most are undoubtably bearish) for me to jump in!.. still possible , i suppose
Originally posted by koolblue

Originally posted by koolblue

Well, back to matters at hand.. one min proj up is currently 1297.50 and i see the 5 min median line is there, so if we are continueing to 1302 we will have to face a sruggle there first i'll bet.
.. Man ,i'd really hoped for a quick drop to that 1290.50 area to washout any longs (since most are undoubtably bearish) for me to jump in!.. still possible , i suppose
just noticed you also had a number there, BRUCE! BruceM
28.1k
BruceM

8595 Posts
2
Posted - 03/10/2011 : 20:51:19
Tweet this post
1390.50 all that great volume on Thursday
IF WE PAUSE HERE AT 1297.00, NOTE THAT ONCE AGAIN 1293.50LOW TO 1297.00=3.5 AND 2.618X 3.5=9.16 ADDED TO 1293.50= PROJECTION OF 1302.66!
Valid unless we take out 1293.50, of course.
and see where that stopped.......? Right at the Overnight high.....just pointing that out for those who deny the power of the Overnight session..the On high was 93.50!!