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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Gary105 who wrote (9443)9/2/2010 6:12:32 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 218768
 
The first vertical price is 1129.10 and the deadline due date for that price is Tuesday October 5th... therefore, if this market can close above that vertical price on that calender date, then the rally will continue higher to the next higher vertical price... otherwise, selling again... mind you, these are the time/price figures for the September contract... by then, we'll be tracking the December contract since September will be off the board, so the price and date may change by a minimal amount, but this is definitely good for the time being since it still give us a precise GPS pin point destination and idea for both time and price...

My hunch is that we'll reach the vertical price before the September contract goes off the board, but that's just my guess, what this market really does between now and then is a mystery to me...

By the way, there is what I would call a mini vertical price at 1102.80, but that is not the primary initial vertical price for this rally...

GZ