The e-minis have moved above 710 and so I think the day's daytime low has been established at 699.00. I still think we'll see a day session range of about 25 points so that would put the day's high near 724, the top edge of the blue rectangle. If the market is indeed headed higher then the midpoint of this morning's reaction near 705 (purple dotted line) should be support for the rest of the day.
Wednesday, March 04, 2009
New Range Estimate
The e-minis have moved above 710 and so I think the day's daytime low has been established at 699.00. I still think we'll see a day session range of about 25 points so that would put the day's high near 724, the top edge of the blue rectangle. If the market is indeed headed higher then the midpoint of this morning's reaction near 705 (purple dotted line) should be support for the rest of the day.
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2 comments:
Copper is breaking out. This would be quite bullish:
(chart
of copper)
well then you should be selling it..remember to sell everything while you still can..stay short and strong, despite the fear of doing that you will win!!!
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