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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.
THX PAL! That clears it up!
and yes we have a double deadly 60m @ 808
yup 5 min says 915.69 if 825.50 holds
short one 825.50, selling another at 828.50
and an even scarier daily!
kool if they close this below 22...hang on for 16
Originally posted by VOwater

and yes we have a double deadly 60m @ 808

-50% IB extension = 808.25
Another interesting thought ...if we just average the last 2 days trading and the high today (globex) at 854.75 holds the low should be 809!!!
yup, plan to VO,
selling with close under 22
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.