Thursday, January 22, 2009

New Demand Shock

Here is a 5 minute bar chart of the e-mini action today. I think a demand shock just hit the market - it started from the 816 level. This means that the short term trend is definitely upward now.

3 comments:

Anonymous said...

I was trading from the short and obviously suffered a pain but glad that I kept my stop in at 821.

Crazy as it seems I think a measured move target is for at least 960 depending on what points you choose. I think I'm being conservative. An optimistic target is for 900.

Bullish bias cancelled on a move back below 820.

pimaCanyon said...

loving the intra-day posts, Carl. The charts are especially helpful. Thanks!

Anonymous said...

hehe, i am long the dow, reversing the trade at 8500-8600 (or maybe even 8750) for a trend to 6500 on monday/tuesday