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ES 11-26-08

GM traders here are some sarting numbers

Daily: 1092 / 736.25
15m: 900.75, 884 / 825, 814.25, 811.50
5m: 857 / 827.25, 826.75, 822.50

Daily PP: 853.50
S1: 833
I have been arguing with the market all morning.
kool...wasnt trying to jinx your trade, just pointing out the cycle
Historically, very high percentage of day before Thansgiving being an up day!... day after also.AND my work showed the 2nd as the final peak... But THOSE DAM CLOSING TICKS! OVER 1000 again yesterday which means whereever we peak, the downside will be huge! (150 handles at least?)
FORme to have any chance on this scalp, has to break below the 1 min boll avg at 863 and 1 min avg at 862.00
AND 5 min boll avg now at 862.66
No jinx, VO! im just saying IF it breaks to say 59 or something then itll have a tough time going back up cause all the avgs converging around this 861-3 area!
IF that happens ,then ill bet it goes to 856 and maybe even a bit lower!(at least i hope so!)
stopped at 3 point loss..down 3 on the day...waiting for 73.50 -75 for a killer short!
were right at 76.4 retrace from H
I dont know , i just think the pressure is down for the next 15-20 min or so
have one for me, friend! c ya!