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ES 12-15-08

GM Traders

Daily PP: 867
R1: 905
S1: 847.25

Monthly PP: 881
Weekly PP: 877.75
POC: 897.75

60m: 927.75 / 849
15m: 893.75 / 875.75
5m: 886.25 / 874.50

one little globex gap to fill @ 80.25

Originally posted by BruceM

failure here will go down to the 58 - 60 for those break out traders who sell the hour lows and win...

-50% IB extension = 58.0 also. 57.75 = .5 of Friday's range
857 is the beginning of the MOB on the Adv Get.
no I tried the fade there but it went no where ...95 % of the time I'm buying while the market is dropping and selling when the market is rising into the zones.......I'm just not quick or good enough to stop and reverse but it certainly would have been good in hindsight...I prefer to exit and try again when I'm wrong.....especially if I'm not adding on....

All these fade zones work much better when you have good low or high $Tick readings...just an FYI
l @ 67.25
1 off 68.50...stop be
stopped @ 67
Originally posted by VOwater

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Looks like they sold down close to your 161.8% projection VO
yeah pt or over ran the 127.2...would like them to actually get back down to the 60 area...we just hit 61.8 retrace from 72.75 swing H
if they sell it here 60.75 would be 100% of the abc...also have a dt line here
ok,ok, whos responsible for this decline? We're supposed to going up.
see ya