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ES 11-5-08


FWIW...the 5m projects down to 982.50
covering
the 965-677 area was the high volume area on the 31st and 3rd
out 968.50, plus 2.75, but still down 1.5 on the day!
selling again at 973.00
looking for 1:45-46 time zone!
THX ,Prest
wow, a little early, short one at 973.00,
See,gang , theres a perfect case where the cycle should have made me wait another 2-3 min. Iseem to be very 'off' today. Partly due to my proj.. YOU KNOW HOW USUALLY THE 5 MIN AND 1 MIN CHARTS SEEM TO ' COMPLIMENT ONE ANOTHER AND CONFIRM EACH OTHER? Thats not happening as much today(or maybe im not interpeting them correctly!)
FOR INSTANCE I could still make a case for 977.50-978 or even up to 982-3 now , so im flying a little bit by the seat of my pants! On the down side ican see 964-5 or even down to 959 area!
UNfortunately for me 5 min chart is only 60% of the way up to overbought ,so im taking a huge risk on this one!
BUT HEY,awin is a win, right? and it was my best scalp of the day!