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ES

9/27/11

2:35EST

ESZ11:

 

at 1190.00 we completed a time cycle (3 -90 minute cycles)

normally this time cycle resets

meaning we start a down time cycle (down movement)

only in the event we take out 1190.00 within an hour is the up time cycle extended

in the event the up cycle is complete the immediate move is down to 1171.50

It doesn’t take much to reach 1151.50

In the event the cycle extends (up) then it takes us up to 1199.25

 

Short from 1189.50

at 1184.50 I take half off the table