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ES 12-18-2008


Good morning to the USA, good evening in Asia. As of now, 45 min before RTH. It took a steep plunge to the pivot at 903, all in less than 10 min.

As a short term scalper. Lets see for the first 3 mins to confirm EMA3 is on top of EMA9, 3 green candles with bearish resistance with MACD pointing up. Target 4 points with SL at 3. Trailing stop change to 5 when price changes to 3.

Have a profitable day everyone.
Click image for original size
45 mins to RTH 18 Dec 2008
,
flat
quote:
Originally posted by VOwater

GE downgrade


no downgrade yet but a 30% chance of loss of investment grade by S&P in next 2 years - rating sustained but outlook negative
ty pwd
failed new low here would be good
l 1 @ 89.75
on DJ wire: "Bush considering 'orderly' auto bankruptcy"
flat 92
92.50 = 127.2 , 94 = 161.8
95.75 = 200 , 98.50 = 261.8
Hi All...
Just an observation here....This looks like one of Rasche's 5 minute Grail Sales...
quote:
Originally posted by BruceM

Thanks Vo that's what I had imagined ...so you can use price projection failures on the lower time frame to get you going in the direction of the larger time frame......
quote:
Originally posted by VOwater

and yes bruce the bigger time frame projections do indeed carry more weight





speaking of failures....*cough *cough

(im alluding to myself)

yes yes i need more confidence but poking fun at myself is better than seriously saying im a tool.