Friday, September 30, 2011

RANGE WARS

TODAY'S RELEASE:    PA returned positive in after hours, then broke the short bot for additional selling.  Today watch range runs again, LBBO 5/10 variety.

Selling is still an issue, but it appears we are more in a high/low range waiting for the extended break out run.



ES      1143.75   1140.5  1138.5


NQ      2170.75    2165.5    2160.5

YM      10989       10964    10946

TF        653.6    650.4      647.9

6E      3534    3515   3491



Today was marked by a tug-of-war between the bulls and bears, a range war.  Trading the ranges was productive, as was the 50CB's and LBBO5.










Have a great weekend.

revised: end of the day:  SBBO grand slam. The extended breakout.

 

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