ES 12-24-08

GM Traders

daily pp: 864
POC: 863.75

60m: 905 / 849.75, 830.50

globex gap = 859.75

l @ 64.50

quote:

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Originally posted by PDQ

Right, that's how I always used this tool, but when using one bar for a projection, you can add a 261.8% level to this tool and then use point one and point three as the same point. This seems to follow Kool's instruction about adding 161.8% to the recent swing in order to arrive at a new projection. Thanks!

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its the same thiNg PDQ!

THIS IS MY CHRISTMAS PRESENT TO YOU Pookie! THE dreaded black swan chart formation! Very rare ,but VERY VERY BAD!!!!

With this larger scale bounce it seems reasonable that we can go out to the higher time frame chart to get the bigger projection.

quote:

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Originally posted by koolblue

THIS IS MY CHRISTMAS PRESENT TO YOU Pookie! THE dreaded black swan chart formation! Very rare ,but VERY VERY BAD!!!!

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HEY thats Pookster to you

LOL....good eye there Kool....ty for my present

Thanks PT - this appears to be the same projection that the fifteen minute chart is giving....

don't listen to mypto, Kool....it's Pookie to you

LOL!!

Thanks Kool....Speaking of Santa, I need to run....Thanks for all the great information and everyone have a great Christmas!