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ES 12-8-08

GM Traders

Daily PP: 856.25
Weekly PP: 861
Monthly PP: 881
POC: 829.75

R1: 895.75
R2: 918.75

60m: 933, 980.50
15m: 910, 914.50, 922
this could be a monster long with the projections its gonna give!
Originally posted by myptofvu

Originally posted by myptofvu

Originally posted by koolblue

wow! good call VO!(IM NOW LONG FROM 895.00)

ouch I went short 895.75 gonna tighten my stop

looking for 888.00

stopped out
BY the way, fwiw i bought a put on gold today... putting my money where my mouth is!!
1 min proj. is 902.00
5 min is 905.25 and the 15 is gonna be flat out scary!
short again 898.50
15 min 911.50?
s @ 98
covered one at 899.00 and holding the other to 904(raising stop to 895.00)
How true Kool..the way I look at is if the market only trends 30 % of the time ( and that's probably generous) then we need to make most of our money on counter trend trades unless you are the type who can take many losses and win on the trending 30 % of the time...I can't
Originally posted by koolblue

you know what i really love? A 300 point up day in the dow and most of us made most of our money SHORTING the market. FRIDAY TOO you know your doing something right when you can do that! Congrats to all.. c ya tomorrow!

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