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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.
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45 mins to RTH 18 Dec 2008
s 08.75
market seems like its waiting for something, perhaps the GM bailout news ?
want 05.50...YM has big lag into key 8830 - 10
s @ 7.75
MARGIE, check your e-mail when you get a chance! i like this guy! his numbers are similar to mine and outlook also
bigs still accumulating on pullbacks, +11k now
yeah P.T., then we surge to the final ending, 928 or 932.50? time will tell!
flat at 07.25...can't risk some news if it goes against me
i don't mind taking a loser but pleae dont make it last an hour
1 off 6.75...keeping stop as is
Originally posted by BruceM

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