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ES 12-18-2008

Good morning to the USA, good evening in Asia. As of now, 45 min before RTH. It took a steep plunge to the pivot at 903, all in less than 10 min.

As a short term scalper. Lets see for the first 3 mins to confirm EMA3 is on top of EMA9, 3 green candles with bearish resistance with MACD pointing up. Target 4 points with SL at 3. Trailing stop change to 5 when price changes to 3.

Have a profitable day everyone.
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45 mins to RTH 18 Dec 2008
Originally posted by pookster

all of this slow movement is making me sleepy

as BruceM will tell ya "throw more contracts in that'll wake you up"
gap @ 2.50
l @ 1
flat 2.25
Is this a Bullish or Bearish formation? (5 min chart)

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looks like a symmetrical triangle - the breakout up/down will tell you
singles 98.25-99.75
I say bearish only because the swing highs seem to be getting lower......for now I'm also sensing some breaking down of other markets so the dow SEEMS to be winning in it's battle to fascilitate lower trade...

With that said we'll probably trade exponetially to the highs....LOL!!!
as long as it gets off its ass and does SOMETHING!
hoping to buy 93.50
Originally posted by BruceM

Thanks Vo that's what I had imagined you can use price projection failures on the lower time frame to get you going in the direction of the larger time frame......
Originally posted by VOwater

and yes bruce the bigger time frame projections do indeed carry more weight

speaking of failures....*cough *cough

(im alluding to myself)

yes yes i need more confidence but poking fun at myself is better than seriously saying im a tool.