Friday, July 8, 2011

PRE MARKET BONANZA 2

[08:22] <Chartmaster> today  repeat  nq tf es break above lbot
[08:22] <Chartmaster> although es is weaker  lagging
[08:24] <Chartmaster> 53.5 2420.5 859.3 exits



Pre market fever again.  BOTs updated and we see pressure to break long after a test.  LBOT long.

Weakness denoted, and exit alert was provided.


THEN:

LBOT FBO with a LBOT reversal.  The 8:25 bar had a quick spike, and PB to form a doji  below the BOT and at the EMA.  The close pushed lower in the selloff.  News killer.

BOT rules:  a FBO of one will run to the opposite, and a trend is expected to develop.  SBOT SELL SELL SELL!

The moves in the markets were so forceful that  PA hit prior levels.  Exits, day done.


The ES RTH market  yesterday had a +3 from open to close.  The same LBOT played until the close was a +9.

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