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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
yes PT and look where the YM put in it's the far
Originally posted by pt_emini

908 seems to be an important price level, been seeing a lot of volume surging at that price.

907.50 = IB high; also have a 30min. close above this area
double top would give a mid 90's proj
s @ 6.50
Originally posted by VOwater

double top would give a mid 90's proj

This 906 zone should hold, then we can run for the R2 number VO mentioned.... 915

If 905 is broken however, then I agree the projection is to the 896 zone.
close above 7.50 spells trouble for trade
MAN,which way she gonna break?
1 off @ 57.75
l@906.50 no real reason
huge neg. divergence on 60 min chart williams % R... dont see that often!
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!