Tuesday, October 21, 2008

Noon time screw job would suggest a few swings 977-957 nice range so far

the hourly charts have continued to slide after the Bull trap ws sprung late yesterday above 988 (981 hourly)

on the hourly charts the over lap in the DOW at 9087 and S&P under 964 suggests that the swing down has further to go (a few weeks ago a 100 point range occurred meaning 891 low ahead)

took off an emini at 958 and sold the bonds way too soon at 11423 (went to the 11508 1st retracement )

(Dow 9000 has to be a battleground for some a little time)

went short an emini NDX at 1335 and now looking to buy 1266 ( a 100 point range trade)

sold EBS at 18.88 and will no be forced to rebuild a position at higher prices (maybe)

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