Tuesday, June 08, 2010

Emini Futures Trading / Just Do It

QQQQ)(DIA)(SPY)(GLD)


"…Whatever He says to you, do it"

(John 2:5, NKJV)
 
 
From Water to Wine
1-3
Three days later there was a wedding in the village of Cana in Galilee. Jesus' mother was there. Jesus and his disciples were guests also. When they started running low on wine at the wedding banquet, Jesus' mother told him, "They're just about out of wine." 4Jesus said, "Is that any of our business, Mother—yours or mine? This isn't my time. Don't push me." 5She went ahead anyway, telling the servants, "Whatever he tells you, do it."
The one statement contained in the Gospel account that often gives women pause is His words, “Woman, what have I to do with thee?” A mother’s first instinct is to think, “Did Jesus just backtalk Mary?!” Jesus’ first miracle was to turn water into wine at a wedding feast. Compared to raising Lazarus from the dead, this may seem rather banal. It was a miracle, though, as no alchemist has ever been able to duplicate it. This is also a time when Jesus asserts his independence from his earthly mother, Mary. This act, more than the wine itself, is central to the story.

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HOW OUR DAY WENT: The market opened higher on Tuesday, stopped1 tick under the 1056.25-1057.00 resistance on the ES, and then dropped 9.50 points to the 1046.50 support. A bounce off that support zone didn't stick either, and a drop to/ through the 1043.00-1042.50 support followed. A little double bottom was made at 1041.50 and that started a run-up to 1058.00. That didn't hold, and after making a 1-2-3 top the ES dropped back to 1043.00. That area was good support earlier, and was bought on the drop and another rally to the 1056.25-1057.00 zone followed. That move failed, but per the last update the market looked like it bottomed and the hold over 1048 in the last hour brought in more buying as the market rallied into the close.

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Pray Hard & Trade Safe!
CT

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