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ES 12-1-08


Daily PP = 889
Weekly PP = 858.50

D: 1128.50
60m: 905.75, 910.25 / 860.75, 836
15m: 900.75, 905, 913.25 / 867, 864.50, 855.75
5m: 901.50, 905, 910 / 865.75

I will be paying close attention to the 905 area, as we have 60m, 15m, 5m projections there and that is the .618 retrace from the 11/5 H
i see that but lead in our last 2 new lows
OH, TRUE ENOUGH! MY BAD!
46.50 is a 61.8 from our 51.25 H and 39 L
the time is right for a bounce at least(on an hourly basis)
l @ 45.50
looking for 49.75 and 51.75
need a close above 46.50 soon
gutsy entry, VO , but im guessing you make some good money here... 53 bare minimum, expected target for me is around 857.50 or so.
they close it below 45.50 this trade will be doomed im afraid
quote:
Originally posted by redsixspeed

prior IB hi 832 / -100% of today IB 830.25



we're back to the 32.00 area/ had a 30min. close
under then above now heading back under