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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
well there goes the 854-55 projection... now invalidated!
now it 'wants ' 848.50 where it runs smack dab into the 1 min avg.
l @ 49.50
looking for 53.25 and 56.50
close below 49.50 gives me sell signal
good play, VO, ...heres why i think at least a temp bottom is in
original stop is 47.50, but like I said a close below 49.50 gives me a sell
which I think is forthcoming
Sorry bout all the charts, gang ,trying to help Palmer understand! PALMER, if you use bar #68 for the projection you get 855.00, but as you can see if 844.50 is taken out ,then its not the low anymore!
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