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Though I meant February 2 in yesterday's post I typed it so it will stand as an error.In any case I'm thinking there may be some surprises for the bulls tomorrow Feb 2- just a theory.We'll see. I will try to be unbiased tomorrow morning, as I should be every day.
I feel the action in the S&P500 perhaps has some warning of a sharp correction.
The lack of commentary on the big down plunge last Friday was interesting.
However, the market grinds higher and higher with a high of 1308.25 and a close of 1307.50 on the ES for Friday 4 Feb, 2011. I was hoping to do a weekend review -but it's past my bedtime.
My priorities are:
1. get more rest
2. work less hours and if I can find the time get in one walk each evening.
3. even less hours and start back at the gym.
Blessings and good health to you all - may the year of the Rabbit be good to you!
Tomorrow = Monday 7 Feb 2011 Est high 1309.75
est low 1300.
est range 9.75
(adj h/l by difference from close to open tomorrow am)
observations:
NR trendless day.
Nt prices unreliable - switch to Sierra
make sure you do a cntrl shift R until then
HL est 9pts - mechanical est 10pt actual rng=6.75
o/n+pre=5.50
make switch to alert for NR (narrow range days).
@if(aver .... < mech est by 3 then ......)
Dir +1 vs +1
MidChg +1 vs +1 (chg +7)
O=1326 L=1324.50 buying at O-1.5 looks good for Zim Ben.
Last edited by aquarian1; February 21st, 2011 at 12:25 AM.
