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

Waiting for an ABC to happen.

buying 860.75

161.8% @ 64.50 USING 5 MIN hwever I would have used the next two bar to project the move combined with 15 min abc from overnight secession putting projection around 62.50 and 62

Short. Target 860.50 just above Support 2.

Mini Nasdaq broke below Support 2 at 1173.50.

o pwd I guess you can, but thats taking a reading in the middle of the move...the 73.50 H @ 5:45 is where this down leg started...what that target is telling you basically is when the cycle should complete, or put another way, when the wave structure could potentially end

agreed bbrad

Good Morning All:

...Just tested Globex low here....may be support...

thanks I'm still trying to put it all together ...261.8 % @ 858.75 5min 857.25 15 min

looking for it to find religion @ 857ish...if not then the 60m will prolly kick-in @ 50ish

just noticed it is up 6.66%! evil number