Here is a 5 minute bar chart covering the past two day session in the e-minis. I think we have seen the day's high at 703.50 (top edge of blue rectangle). I estimate today's daytime range will be about 25 points. This would put the day's low near 678 (lower rectangle edge). Any move to new highs for the day would change the picture completely and make it likely that today will be an up day instead.
Thursday, March 05, 2009
Range estimate at 10:30 am
Here is a 5 minute bar chart covering the past two day session in the e-minis. I think we have seen the day's high at 703.50 (top edge of blue rectangle). I estimate today's daytime range will be about 25 points. This would put the day's low near 678 (lower rectangle edge). Any move to new highs for the day would change the picture completely and make it likely that today will be an up day instead.
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1 comment:
Dear Carl;
after all bailout spectre that never gives results,no trust in market...
I think we are going 650 monday or tuesday in max...
market is leaking fast....
Best Regards
R.J.
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