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ES 12-05-08


GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
looks correct to me, same as VO'S METHODS TOO. he JUST HAS VERY GOOD RULES FOR ENTRIES
yep this up move seem corrective- so fib lines should be resistance
COVERED AT 831 ..B E ,.. SORRY I COULD POST IT WOULDNT LET ME! ITS GOING DOWN FURTHER TO RELIEVE THE OVERBOUGHT CONDITION O/N THE 5 MIN CHART
UGH... SHOWS WHAT I KNOW!#%%@#%#
ITLL LIKELY HALT HERE TEMP. CAUSE ITS TOO DAM OVERBOUGHT TO GO STRAIGHT TO THE 15 MIN PROJ!
I show 12:24 mini low
pt emini...yes those are extensions off the bottom...the technique your employing there is kools price projection, which is looking for the 261.8, which should be a natural sell area. Kools projections dont look for those minor areas that put up res. on the way to the ultimate number 261.8...more in a bit
We either reached or are near the end of the ABC Wave 4. If this is true we would then have a move down a Wave 5.
missed me by 2 ticks rrrrrrrrrrrrrrrrrg
I've gone short 2.
Welcome to the forum UKtradergirl


These dynamic charts (volume and tick charts) take a little getting used to at first. VO uses a 610 tick chart which matches my volume chart fairly closely.