Wednesday, August 17, 2011

Vacation

Hi all, I will be going on vacation begining on thursday and friday and not sure about monday yet. So there will be no updates. Im anticipating a mid term high here in the ES. I thinkn the current highs are in, and liquidating long positions and flipping to the sell side bias. Dowside targets for the ES is 1130 ish level, then the lows of 1077. Hopefully a move like that wont take shape with me being on vacation, but from what im seeing here its very possible, ES looks toppy. Oh and by the way remember the 1202.50 obejective #2 it has completed I.E. Lets take profits and let the market pullback some. That # was put up after the FOMC rally and has been spot on (see left side of page twitpic top http://twitpic.com/63lyly) any ways Good luck in the markets. Kratrader

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