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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
atta boy Bruce!
should start getting resistance at R1 for sure which is 923.75
what was nice about this is that they YM was breaking out of it's hour range much earlier then the ES did.......I like shorts when dow leads higher and longs when dow tries to lead general..obviously not perfect
read the 11:10 post .boys! 911.00!!!
market breadth is very strong- they buying the pullback for sure
look how YM isn't testing it's hour high.......very tricky stuff! I think it will and soon
left a gap @ 6.75
908 seems to be an important price level, been seeing a lot of volume surging at that price.
im in the double top camp...will need to take out 11.25 to change my mind
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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