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Homework for Friday 2009.01.16

15. January 2009
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ES - The day's action had a bullish feel to it and feel we may have an up day tomorrow.  Can't always go straight down. ;]  I'm looking at a max high in the high 860's.

 

6E - Euro.  A few days ago, I mentioned we would hit the area we go to on Thursday (ascending trendline and the level that intersects it).  Like the ES, we had a big rebound off it.  Will it continue?  If so, I think the max high for Friday would be 1.3402.

I am still not clear on what the daily "close" should be on the euro and if I am using it correctly.  If not, then my pivot calculations are definitely off and some of these "stars" are off in the process. 

Homework