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

outstanding 5 min proj is 898.75, praying for an overshoot

s @ 900

they are trying to absorb that up volume...should rollover down

1 at 97

stopped be

covering one

l @ 901.50

out at 901.00,plus 2.75 and up 8 now, cover the other at 903.00 if they let me!

1st 904.25, 906.25

and out at 903.00 on the other, 4.75 on that one... up 12.75 on the day...watching

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!

---