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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.
option MM's are just crooks...those options I sold yest for 3.50 @ 832 are only 3.70 10 pts lower!
I DONT SEE THE LOGIC BEHIND THE EXIT AT 23 THO.. OTHER THAN THE PREVIOS LOW
cause of the high vix ,pal!
kool thats called a shakeout!...which i'm glad I took it because they would have immediately hit my stop @ 25.25...theres 20...will be looking for buys 816 area
well it sure acts like were going to see 808 sometime today, not sure about 805 yet
THX , man i understand now and may also take 816 area
truth be told id rather sell on a rebound for the ride down there tho!
selling 825.50
if it keeps climbing ill sell one more at 828.50
yeah kool it was the abc...and heres why i say 816ish

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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.