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ES 12-02-08


WELL here we go! tues ,i expect some rebound action to 840 area and eventually 851, but i have late today or wed as atop so i dont see an extended run up yet! ... keep in mind the market doesnt always listen to me! LOL
I went long off of what I believed was an ABC at 827.25. If this in fact a wave 4 a wave 5 will be to the downside.
jack a 610T depending on the action runs pretty close to a 1m
lotta averages at 833-833.50
s @ 32.50
1 off 30.50 be stop
out 29
man, im shellshocked ! first losing day in whatever! OH well, tomorrows another day. Almost pulled the trigger at 832.50 also ,VO, but too gun shy from gettin killed today!
thats one of my biggest faults as a trader...not taking trades when im in a hole...easier said then done in my opinion
true!
32.50 was a natural stopping point...2.618 extension off bottom
yesterday you said you wouldn't be surprised to see 851 and we did. Nice work.
I am very anxious to see how tomorrow is going to play out