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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
were right at the 5 min avgs(hence the stall) and the 1 min avg is 861.75 and rising.. im hoping for just under it
i agree VO! and i think it will in time...
i have my order in at 861 ..hope im not too conservative here
see? theres the 1 min avg!
problem is the daily pivot and POC at 63.75...they need to pull it back and get up some more steam
that may be all!... who knows!
if they retrace much more than 59 I wont be interested
heres how i figure it .the latest 15 min bar is wanting 858.50 again but they would have to plow thru the avgs to get it..not easy plus i usually use a 3 point stop so i would still be ok if i can get 861.00
but as you can see they couldnt get thru the 1 min avg! should have tried 861.75!...sigh
has the look of an ascending triangle on the 610
Thanks Kool....Speaking of Santa, I need to run....Thanks for all the great information and everyone have a great Christmas!