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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!
quote:
Originally posted by koolblue

bingo! out at 858.75,plus 3.25 on both...plus 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!