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At the moment my opening numbers hint at a range
bound day between value area low 911 and va high 919.6 for the SPH3.
At this moment the ES at 910.50 is flirting with the SP day session lower value
area line at 911. The plan here is to trade long above 911 and short below
depending on net percent of nya volume and issue and volume trends. If
below then first target is Thursday's low at 909.50 which has been tested on
globex already tonight and broken by a few ticks(taking out the stops).
Next lower target is 903.3. If the 911+ direction is chosen then the
market profile might form a consolidating pattern (normal distribution between
the value area low and high since consolidations make that shape or it
might form a "P" type pattern if there is a rebound from this recent drop.
If the move is up, then the Thursday 24 hr midpoint at 909.5 is a target, and
above that 925.75 for Thursday High and if the bulls have any testosteron left
we get an extension(pun) to 932. Chande's Market Thrust and Bill Blau's
Trend Strength should help interpret/track the moves.
BobR
PS: The
e-mini's stop trading electronically at 10:30 am Monday morning (Chicago time)
and resume trading at 5:30 pm.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
vze24c5m
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, January 16, 2003 8:33
PM
Subject: [RT] ESH3
Hi group,
I am just doing my numbers for esh3 and getting
ready for tomarrows trading,all my numbers start to show an up days monday and
tuesday and if it does not break 930,s
by tue,there is a steep drop coming
around
867.Is any body else who trades ES is getting any
thing like this or my cals r wrong.
Thanks
Rashid
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