Thursday, November 13, 2008

2008-11-13 Market Watch: a 911 day?

Take a look at today's 5-min chart of S&P 500 index futures and SKF, what a violent day!

image (/ES) image (SKF)

I heard that today is a "911" day -- Dow rallied 911 points (check out /YM), and SPX closed at 911. :-)

SPX: still looks like a zigzag wave iv or a consolidation.  The target is about 970-980 or higher, but today has reached a level where a correction may happen.

image(daily) image (hourly)

USD/JPY:

image

SKF: the trading plan really pays off.

image (daily) image (hourly)

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