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ES 12-24-08

GM Traders

daily pp: 864
POC: 863.75

60m: 905 / 849.75, 830.50

globex gap = 859.75
bounce from pt's 261.8
FWIW...The Globex 15 minute bars from the 8:00 A.M. low projected the morning high perfectly...I have to say that this technique works very well once you get the hang of it! Thanks for all the instruction!
Originally posted by koolblue

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

nice trade KB !

Click image for original size
abc projection 261.8 met
l @ 60.25
wtg PDQ
I tried to short 863.25 (right after it was hit) - was too late with the entry, but still got 2 points on the short trade....Thanks again!
1 off 61.50
Which is the valid count now - the 15 minute down bar at 9:45, which projects 855.25, or the 5 minute up bar at 10:05, which (I think) projects 865.50?
this is like trading globex...geez
Thanks Kool....Speaking of Santa, I need to run....Thanks for all the great information and everyone have a great Christmas!