MyPivots
    LO
    lordalfa
    Rep: 140
    Posts: 264
    0
    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
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    VO
    VOwater
    Rep: 133
    Posts: 4,121
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    flat
    PR
    prestwickdrive
    Rep: 2,057
    Posts: 1,098
    0
    (Edited )
    quote:
    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
    VO
    VOwater
    Rep: 133
    Posts: 4,121
    0
    ty pwd
    VO
    VOwater
    Rep: 133
    Posts: 4,121
    0
    failed new low here would be good
    VO
    VOwater
    Rep: 133
    Posts: 4,121
    0
    l 1 @ 89.75
    PR
    prestwickdrive
    Rep: 2,057
    Posts: 1,098
    0
    on DJ wire: "Bush considering 'orderly' auto bankruptcy"
    VO
    VOwater
    Rep: 133
    Posts: 4,121
    0
    flat 92
    VO
    VOwater
    Rep: 133
    Posts: 4,121
    0
    92.50 = 127.2 , 94 = 161.8
    VO
    VOwater
    Rep: 133
    Posts: 4,121
    0
    (Edited )
    95.75 = 200 , 98.50 = 261.8
    PD
    PDQ
    Rep: 110
    Posts: 167
    0
    Hi All...
    Just an observation here....This looks like one of Rasche's 5 minute Grail Sales...
    FE
    feng456
    Rep: 994
    Posts: 340
    0
    quote:
    Originally posted by BruceM

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