S&P daily pivots and break-down & up Targets

Take that CRAMER BOOOOOOOOYYYYYYYYAAAAAAAAA

Nailed it

 

If the market breaks down more here are the areas

 

and she keep going...............LOL

 

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/e8JtaxXLh4k&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/e8JtaxXLh4k&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

I did a vid yesterday on this move here, most of you watch the you tube vids here anyway, but if you missed it

here it is

I will be doing an update tonight !

Take Care,

Joe Baker

 

I will post the Balance chart later this morning

JB

 

1st Target hit on Balance

 

1st target came within 3 ticks, I stand to be corrected sorry

 

WOW talk about a range day

you can see on the Balance it had 890.25 for 1st target low
we hit 891.50 then to the upside we had 1st target was 904.25
then 907.75 for extended target we hit both upside ones
but damm they where close

I know most of you don't know how to use the Balance Chart
but what it trys to do is give you the targets of the day on the open

I do them at night anyway but days like this, the Balance helps alot

 

This was the Balance on the open, again it gives you the targets
off the open

 

If you look you can see the MID POINT PIVOT being taken out
then the KEY area was 900 that set off the stops and 1st and 2nd target where hit

NO REASON TO TRY TO BE COWBOY ON THE OPEN

The trade this morning in the room was SHORT OR OUT
sorry I did not post earlier I was in room on mic

JB