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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
stop at 895.00
man every trade pulling teeth!
quote:
Originally posted by koolblue

whats next? back to the 5 min boll avg at 904.50? if so ill sell it ..if not my order to buy 896.50 stands



Nice call Kool, I was sitting there too at 896.50 but no fill
1 off 900
actual 5 min proj is 903.50.. by the way any body notice the 'deadly 15 min proj of 896.25 was hit dead nuts? thats why last nites miss is so confusing!
nicely done folks
50% retrace of swing = 2.50 , 61.8 = 4
5 min avg is 901.75 and boll avg is 903.22
RTH Bottom at 895.25 held - so far
flat 2.50
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
quote:
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!