Globex 12-18-08

Good morning all! selling this 908 area

short from 908.00,1.5 stop

aily Pivots for day following 17-Dec-2008
Classic Woodie Camarilla DeMark
R4 997.17 981.58 920.33
R3 965.67 950.08 911.66
R2 934.17 934.17 908.78
R1 918.58 918.58 905.89 910.63
PP 902.67 902.67 902.67 898.69
S1 887.08 887.08 900.11 879.13
S2 871.17 871.17 897.23
S3 839.67 855.58 894.34
S4 808.17 824.08 885.68

I find DEMARKS NUMBERS PARTICULARLY INTERESTING TODAY!

COVERED 905.50, CAUSE THE 1 MIN PROJ IS 905.00

Plus 3 for a nice globex scalp...watching

7:32 MINI low coming up

OUT AT 905.50,plus 2 there ...now up 5.5 on the day...(shoulda held longer!)

especially since this was a'5 min play' instead of a smaller 1 min.... watching

It was a little late to try 2 targets scaled out at 2 and 4. EMA3 is still below EMA9. MACD was still downtrending.

Realised 2. 4 was a long shot. So I moved my stop closer to the short tick to protect my 2 point lead.