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ES 12-8-08

GM Traders

Daily PP: 856.25
Weekly PP: 861
Monthly PP: 881
POC: 829.75

R1: 895.75
R2: 918.75

60m: 933, 980.50
15m: 910, 914.50, 922
starting from the 99 even for me today..want the 89 area
added at 901.50
last add is at 908.75 if needed
this proj to 13.25
final at 904.75
weekly r1 = 909
I missed optimal add point at the plus 8-10 area...that could hurt me
Ideal target is a test of the OR...air pocket is there
ticks not confirming this strength as carry over strength...but the opening is a tricky time
perfect test of OR high and the air!
How true Kool..the way I look at is if the market only trends 30 % of the time ( and that's probably generous) then we need to make most of our money on counter trend trades unless you are the type who can take many losses and win on the trending 30 % of the time...I can't
Originally posted by koolblue

you know what i really love? A 300 point up day in the dow and most of us made most of our money SHORTING the market. FRIDAY TOO you know your doing something right when you can do that! Congrats to all.. c ya tomorrow!