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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
VO - I think the Fed statement said they may buy long term Treasuries in an effort to make their rates even less attractive in order to drive more demand toward corporate debt to relieve the liquidity situation
s @ 94.50
stopped 96.50
GE just reaffirmed guidance and dividend
final runners got stopped at 92.75
failed new high here would be nice
s @ 96.50
1 off 94
flat 95.75
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