No registration required! (Why?)

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.
Click image for original size
45 mins to RTH 18 Dec 2008
Originally posted by VOwater

GE downgrade

no downgrade yet but a 30% chance of loss of investment grade by S&P in next 2 years - rating sustained but outlook negative
ty pwd
failed new low here would be good
l 1 @ 89.75
on DJ wire: "Bush considering 'orderly' auto bankruptcy"
flat 92
92.50 = 127.2 , 94 = 161.8
95.75 = 200 , 98.50 = 261.8
Hi All...
Just an observation here....This looks like one of Rasche's 5 minute Grail Sales...
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.