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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.
834 IS MAJOR SUPPORT AND RESISTANCE.. LOOK AT ANY TIMEFRAME AND KEEP IT IN MIND FOR LONGER TERM SCENERIOS! if it gives way ..very bearish , especially if we ever close below it(just an opinion)
s @ 46 .
short 2@ 845.00 covering one soon to reduce risk
1 off @ 44...stopped at be
l @ 47.75
stopped 45.75
they really should try for pivot again...hence my wrong long
isn't pivot 851 VO???
yup
still alive from 45!(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.