YM Analysis for Oct. 12, 2006

Soultrader · #1 (**permalink**) 10-12-2006, 08:59 AM

We have now entered the 5th day of consolidation with overlapping value.
Today will be very interesting as there is a chance price may break. My bias is for price to break to the upside above the 11942 - 11945 mark.

Yesterday price declined rapidly below value just to find STRONG buyers around 11850. This indicates price acceptance in this new zone ever since price broke out of the May highs.

Currently, pre-market action is trading at a critical point of 11944 right at the upper range extreme pivot. This pivot will be crucial to watch. Price may either break rapidly to the upside or reverse to the downside.

See attachment for charts.

Soultrader · #2 (**permalink**) 10-12-2006, 09:26 AM

Update:

Pre-market SSF's show significant volume. Looking to see a possible continuation gap and a nice trend day

LinkBacks (?) LinkBack to this Thread: http://www.traderslaboratory.com/forums/f32/ym-analysis-for-oct-12-2006-a-626.html
Posted By	For	Type	Date
Emini: See what people are saying right now on Technorati	This thread	Refback	10-15-2006 10:12 PM

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Oct. 11, 2006 YM Analysis	Soultrader	E-mini Futures	0	10-11-2006 07:59 AM
Oct. 10, 2006 Market Thoughts	Soultrader	Market Analysis	0	10-10-2006 07:02 PM
Oct. 4th YM Analysis	Soultrader	Market Analysis	0	10-04-2006 06:27 AM
YM Analysis for Oct. 3rd, 2006	Soultrader	Market Analysis	0	10-03-2006 08:23 AM
Market Analysis for Sept. 25th, 2006	Soultrader	Market Analysis	9	09-24-2006 10:46 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)