ES- 09-26-08

Ugly open coming.I still believe a intermediate term bottom is forming the last several days. And i would still be very careful trading position trades or puts here.Remember there is strong support 1172-77.

chasing one at 1202.75

long 1202.75, 3 point stop

volume today is just anemic, i'm happy 1200 is holding it's ground and it looks like there is good consolidation, i'm going to take a long lunch just not in the mood for the chop today, will be back around 2, good trading to all

stopped out... guess i got too greedy

buying 2

long 2@ at the avg...1186.25,quick exit

bailed one at 1200. holding balance, stop at breakeven...wow!

5 min. projects 1208 area, the 50% ib extention(that was my previous target on the 10:57 trade)

Im too in to short scalps, exiting here

out at 1188.50 ... now up 5.75 today

Wow what an end to the day!

Joe, you are welcome & thank you for sharing your knowledge here.