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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
,
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
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.