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ES 12-16-08

GM Traders

Daily PP: 873.75
R1: 891.50
S1: 854.75
POC: 868.25

60m: 903.50 / 848.50
15m: 903.50

overnight globex gap @ 874.25
pulled three at 89.75...holding two....92.50 will stop out runners if not out at the 86 number
flat at 86.25...
gheesh..that is fast stuff

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bigs +43k now.
remember 2.75 if they get it there
"The Committee is also evaluating the potential benefits of purchasing longer-term Treasury securities."

Sorry VO, they are painted into a corner and quantitative easing is all they have left.
Thanks for all the charts and goodies today folks........I enjoy it all but today I really enjoyed Prestwicks updates on what the "super powers" where up stuff