ES 12-24-08

GM Traders

daily pp: 864
POC: 863.75

60m: 905 / 849.75, 830.50

globex gap = 859.75

NICE PT!

quote:

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Originally posted by VOwater

pwd I get a 75.75 target high and there would be no low from your numbers because it would be invalidated because price took it out

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I figured the 68.5 high projection from the 56 low would be negated if 56 were taken out and the 44 low projection from a 63.5 high would be negated if 63.5 were taken out. Back to school again ...

selling 861.50

1 min proj is 858.50

quote:

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Originally posted by prestwickdrive

Yesterday I kept letting the morning positive big money bias keep me looking for higher prices. Trying to be more balanced today, based on the last two 15 minute cycles of a 60.75 high to a 56.0 low and then a 56 low to a 63.5 high, do we have deadly 15 projections of a high of 68.5 and a low of 44?

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this says 60.75 and 56...did you mean 68.75

gap filled

Hi All:
It looks like the 15 minute bars project 858.25 (161.8%), and then 855.25(261.8%)....Is this correct?

covering 2@ at 858.75

quote:

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Originally posted by VOwater

quote:

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Originally posted by prestwickdrive

Yesterday I kept letting the morning positive big money bias keep me looking for higher prices. Trying to be more balanced today, based on the last two 15 minute cycles of a 60.75 high to a 56.0 low and then a 56 low to a 63.5 high, do we have deadly 15 projections of a high of 68.5 and a low of 44?

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this says 60.75 and 56...did you mean 68.75

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no, I was referring to the 60.75 high on the 0615 15 min candle against the 56.0 low in the 0800 candle and the 56 low in the same candle aginst the 63.5 high in the 0930 candle

bingo! out at 858.75,plus 3.25 on both...plus 9.5 on the day

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