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ES 12-05-08

GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.
kool that doesnt mean you cant get some sells off...and I might be wrong!
when the market keeps trying a confluence of averages like this ..NEVER THE FIRST TRY,or even 2nd but its been my experience when they keep trying like this they eventually win
l @ 30
For clarification we should have completed Wave 4 to the upside & Wave 5 will be down
sure ..there was a perfect proj to 835 and lately here at 830 for a short scalp but ive been too busy posting im definitly looking to sell im not convinced the 15 min wont get invalidated before it reaches its target
out 1 @ 32
right now its setting up for a double top around 835-6.50 but if it gets much beyond that ill be a believer in 846
game on boys!
Small $ has been accumulating all day (net +12k contracts now) while bigs sold hard early. Bigs have been steadily buying since a buying spike they did in the 822 area around 11:38. Bigs started another spike buy in the 826 area around 11:49. Bigs are net -21k contracts now but had been nearly -30k at their trough.
Welcome to the forum UKtradergirl

These dynamic charts (volume and tick charts) take a little getting used to at first. VO uses a 610 tick chart which matches my volume chart fairly closely.
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