ES 12-29-08

GM Traders

Daily PP: 867.75
Weekly PP: 871
POC: 867.50

60m: 877.50, 905 / 849.75

globex gaps: 862.75, 861.75, 861.50

you got your new hardware and software setup yet?

we missed you girl! Good to see POP BACK ALSO!

good to see everybody, paperstop at 59, my theory right now is this rally up may have some credence but i think it will have to test back in the 55's first either way.

Was ready to get Tradestation rolling on Friday. I was going to fund my old future acct with them from last December, long story but their accting department sent me an email on Friday trying to bill me for the entire year of '08 when the account had been closed and no one in sales due to holiday so hope to straighten out after trading today, they called and said everything okay today but I don't want to work on it until after trading. Hopefully have charts by tomorrow or Wednesday.

gap @ 57.50

out at 56.50 looks likely to retest 58's

NEGATED OF COURSE O/N ANY TOUCH OF 853.25!......

Now its getting interesting! if we dont break 858.75 the deadly 15 would now project 849.50(same as the current 60 min projection!)

l @ 55.50

all of this further points out the importance of the '850' area longer term for the bulls! Vo knows what i mean!

just noticed it is up 6.66%! evil number