892 on ES watch for major Fib resistance there as well as 891,
you could short there and have a tight stop just above it.
It's a major confluence of Fibs. so the market eithe stops there or
goes above it, but that's big resisance. That's the futures,
not the cash, will be a little different for the cash.
886 on ES
Posted by matt on 24th of Oct 2008 at 11:23 am
892 on ES watch for major Fib resistance there as well as 891, you could short there and have a tight stop just above it. It's a major confluence of Fibs. so the market eithe stops there or goes above it, but that's big resisance. That's the futures, not the cash, will be a little different for the cash.
yeah...took my profit on es
Posted by kichan77 on 24th of Oct 2008 at 11:47 am
yeah...took my profit on es @885 already...don't feel good about on 5 minutes break out...
kichan77 - I said that was
Posted by matt on 24th of Oct 2008 at 12:00 pm
kichan77 - I said that was a short not a long, worked well, the ES stopped magically at 886 and is now 877, that's why I pointed it out
I know...I took long at
Posted by kichan77 on 24th of Oct 2008 at 12:08 pm
I know...I took long at 868 on 5 minutes break out...sold at 885...i still think it will rally bk up to 890-900 area before coming down...
It is still in uptrend as i see in 5 minutes chart...but who knows..
Somehow I feel market will
Posted by kichan77 on 24th of Oct 2008 at 12:21 pm
Somehow I feel market will rally into 900 around afternoon time, then sell off again in last couple hours..
I stick with my 1 and 5 minutes system...As i see it from 5 minutes chart...it is very possible...