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ES 12-31-08


GM Traders

Daily PP: 882
R1: 895.25
POC: 879.50

globex gaps: 893.75, 891.25
1 min proj. appears to be 893.50... what strange action the last few days!
i assure you action will pick up after the start of the new year!......Closing tick +969
And you know what that means! lol
I also sold my SSO calls for small loss couple minutes ago...bought 7 days ago when ES was 872...$23 in my favor and still lose - huge volatilty crush against me!
Here is a BAV look for yesterday and so far today. The white BAV line is big money's net position and you can see how they accumulated all day yesterday and after the initial sell on the open today. Small $ is the brown line and you can see how smalls have been essentially net flat. Bigs are selling a little now and are +9900 as I type this.

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You would think if the wave count is correct we are in wave 5. Wave 3 should be the longest & 5 is getting close. Check out the VIX it has dropped into the 30's. Not 1 1/2 mos it was in the 70's.
oa a larger time frame i suppoase im looking for 905-906.50 area. ill try a scalp buy at 893.75, if we get there
Today is a tough day, Please add 1 hr to my trade times
10:07:43 1 BUY_LIMIT 895.25
10:20:36 1 SELL_LIMIT 896.00


I think my lawn grew half an inch while I was watching these charts.
pwd I bought the 115's on the 16th (red arrow)...dead money - whats new

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happy new year everyone