TradeStalker's
R.B.I. Trader's Update
9 / 18 / 2008
Additional Comment
(Published Since 1996)
...............................................
Dateline: 8:02 pm eastern time, 9/18/2008
It looks like the market is going to have a big up
open on Friday if the after hours strength holds.
The market is a buy on pullbacks, but before you
go jumping in on the open, remember that there
has been a LOT of good swings both ways this
week. As you can see from the table below,
swings of 10 ES points in both directions have
been the norm rather than a rarity lately.
09/16/08 1168.00 -48.50
09/16/08 1185.00 17.00
09/16/08 1173.00 -12.00
09/16/08 1192.80 19.80
09/16/08 1183.70 -9.10
09/16/08 1205.50 21.80
09/16/08 1183.50 -22.00
09/16/08 1201.00 17.50
09/16/08 1176.50 -24.50
09/16/08 1217.50 41.00
09/16/08 1205.00 -12.50
09/16/08 1221.00 16.00
09/17/08 1186.50 -34.50
09/17/08 1200.50 14.00
09/17/08 1168.50 -32.00
09/17/08 1181.00 12.50
09/17/08 1164.50 -16.50
09/17/08 1182.00 17.50
09/17/08 1191.70 27.70
09/17/08 1177.80 -13.90
09/17/08 1193.50 15.70
09/17/08 1157.00 -36.50
09/18/08 1182.50 25.50
09/18/08 1170.50 -12.00
09/18/08 1187.50 17.00
09/18/08 1157.50 -30.00
09/18/08 1168.00 10.50
09/18/08 1152.50 -15.50
09/18/08 1162.00 9.50
09/18/08 1136.00 -26.00
09/18/08 1178.00 42.00
09/18/08 1159.00 -19.00
09/18/08 1169.50 10.50
09/18/08 1158.50 -11.00
09/18/08 1218.75 60.25
So, don't worry about missing something in the
morning. Most likely there will be a sizable swing
both ways on Friday.
There is a key resistance area near the 1242.00-
1243.00 area on the SP futures. If that doesn't cause
a reaction, there is a long-shot chance of getting to
the 1253.00-1254.00 area.
good trading,
Mike
Copyright (c) 2008 by TradeStalker.com, Ft Wayne, IN.
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Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
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