Registered: May 2006
Posts: 1234

Looking at the charts and trying to determine possible path of ES over 2009.

I think the high may be between 1100 to 1150

Low: 550 to 600

Close: 1050 to 1100


High will be nearer the end of year
Low will be nearer start of year

Registered: Oct 2006
Posts: 1838

should be an interesting morning. I'll be selling between 906 and 908 stop at 911.50 before the big stops get triggered at 915. My theory is it should fill back in at least to 875 st. But since i would be considered at failure to break back into the up channel could be a lot more violent!

2009-01-02-prophet.png
This has been downloaded 349 time(s).

Registered: Jun 2006
Posts: 59

If 919-920 is broken, look out above.

Registered: Sep 2001
Posts: 5569

If we are going to get a sell off, it will be event triggered.

Perfect timing would be test of yearly low or new low around Inauguration.

Not bearish, just a caution to the bulls.

Edit: That means, no matter how high ES reached today or Monday, even > 945, does not matter because a shock can easily take ES back down to 850 area in no time.

Edit again: If there exists PPT, which is now switching hands, what would you prefer if you were them? A lower starting point = easier to claim credit for performance

Registered: Sep 2001
Posts: 5569

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Quote from freehouse:

LC,

Good call. They kept the S&P 500 above 900 before the market closed.

http://www.cmegroup.com/trading/equ...xing-price.html

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Thanks ... lately such things happened too many times at quarter ends

Registered: Sep 2001
Posts: 5569

Another odd day ... 4:00 pm close at 900 has a small gap up, and 4:15 pm close has a large one.

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