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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 is 4.75
1 off 98
well im very bullish with these cycles but i sold 2 at 901.50 cause i think we gotta see 894-6 first!
30 min chart looks negative gonna be short biased for now s@900.50
stop be
covered one at 899.50,plus 2 holding the bal till 896
break it!
i owe you one,Vo , for helping me make up my mind! plus 27 on the day holding for 896
stop b.e. at 901.50
we need close under 96.25 kool
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!