ES 12-4-08

GM Traders

Daily PP: 856
Weekly PP: 858.50
POC: 854.50

5m @ 42.75

trying again

gaps are filled

short 68.25

COULD RUN A LITTLE HIGHER BUT IM SELLING 872.25, 4 POINT STOP TO START

add point is 72.50 if needed

concern for me is that open drive and a retest of opening minute that held the market...so shorts are harder

WELL I COULD SURE BE WRONG .. WOULDNT BE THE FIRST TIME , BUT ITS ACTING LIKE IT WANTS 72.50 TO 74.50

just bought some DEC SSO 25 puts @ 2.50

with the last major pre market cycle high of 74.25 to the cycle low of 50.5 don't we get a projection of 89.0 unless 50.5 is taken out?

within the next 10 min or so

i sucked today - missed alot of moves but at least i was up