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ES- 09-26-08

Ugly open coming.I still believe a intermediate term bottom is forming the last several days. And i would still be very careful trading position trades or puts here.Remember there is strong support 1172-77.
chasing one at 1202.75
long 1202.75, 3 point stop
volume today is just anemic, i'm happy 1200 is holding it's ground and it looks like there is good consolidation, i'm going to take a long lunch just not in the mood for the chop today, will be back around 2, good trading to all
stopped out... guess i got too greedy
buying 2
long 2@ at the avg...1186.25,quick exit
bailed one at 1200. holding balance, stop at!
5 min. projects 1208 area, the 50% ib extention(that was my previous target on the 10:57 trade)
Im too in to short scalps, exiting here
out at 1188.50 ... now up 5.75 today
Wow what an end to the day!

Joe, you are welcome & thank you for sharing your knowledge here.