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ES 12-4-08


GM Traders

Daily PP: 856
Weekly PP: 858.50
POC: 854.50

5m @ 42.75
trying again
gaps are filled
short 68.25
COULD RUN A LITTLE HIGHER BUT IM SELLING 872.25, 4 POINT STOP TO START
add point is 72.50 if needed
concern for me is that open drive and a retest of opening minute that held the market...so shorts are harder
WELL I COULD SURE BE WRONG .. WOULDNT BE THE FIRST TIME , BUT ITS ACTING LIKE IT WANTS 72.50 TO 74.50
just bought some DEC SSO 25 puts @ 2.50
with the last major pre market cycle high of 74.25 to the cycle low of 50.5 don't we get a projection of 89.0 unless 50.5 is taken out?
within the next 10 min or so
i sucked today - missed alot of moves but at least i was up