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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ill re enter short at 907.75

this last lift started on news the White House is nearing a conclusion on the automakers bailout

s 06.50..concern is hour range run out on highs possible

new tick highs without the ES or YM...

dam, the 1 min proj was 907.50 and they cant over shoot 1 tick?... sigh..order cancelled...watching

both in key resistance zones...only thing I like below are those 901.50 doubles

next mini peak due about 10:54-55

bigs have been steadily buying since the top of the hour from a trough of -5k to +7700 now

flat at 6.50...not enough volume

thanks PWD

quote:

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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:

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Originally posted by VOwater

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

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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.