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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
1 min down says 898.75 if 904.75 is not touched again
s 902.75
think im early
shorted 902 looks like the buyers dried up
no idea hoew this plays out ,, but ill try a small buy scalp at 898.75
mypto we might be early but I think it goes
need a close under 1.25 to help our cause
5 min projects something like 897.50
ALL the 1 and 5 min avgs now 901.75 -902.25!
I flattened it was taking too long. Didnt the 1 min project around 86 or am I doing it wrong?
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!