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

if I was l id be looking for 51.50 and 53.25 but im not

i think it wants lower but who knows

Mr Koolblue
was 855 the prior target because it was the moving average on your chart

Vix & Vxn have both risen, volume for NYSE & Nas are running 10 to 1 to the downside.

i think it wants lower also, next stop 841.25, then 835ish? has to break that 844 first tho!

No ,RBURNS , it was the target because the move from the low at 844.50 to 848.50 on the 5 min chart(the very first bar where the low was made) gave a price proj of 855.00 ,negated when 844.50 is touched again ,of course.

I'm flat at 46.25..are they going for the 32-35 next...?

S3 has been a hard nut to crack as it should be...if we can extend away then I see your 41 ish

plus technically we haven't seen an inverted head yet if that range is going to end up as a shoulder.

i think 35.. lots of little stop runs here, that would seem to indicate they want to go lower! alone ! LOL

quote:

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Originally posted by redsixspeed

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

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