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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
NOT sure where the current trendline is for this ending diagonal(if it is one) but i think its probably around 940-950 now and should be around 970-980 by fri - mon.
quote:
Originally posted by redsixspeed

quote:
Originally posted by koolblue





Kool thats GREAT!!!


high priced research!
that 980 looks like a sweet short
HARD TO SAY... CLOSING TICKS MAY NOT LET US UBNLESS WE CAN STRING ONE OR 2 IN A ROW HWERE! Also H. W,'S WORK IS NOT TO BE IGNORED! Its a bear rally so it could turn at any time!
obviously im wrong about treasuries here - but those bloated PIGS will make me rich on the short side sooner or later (or make me go broke trying)
ive got a sell signal on the daily for tomorrow FWIW
best guess is the trendline is about 932.75 tomorrow!
what is FWIW please
For What Its Worth= FWIW
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 to...cool stuff