ES 1-6-2008

Good Morning Traders !

VAH 930.50
POC 925.50
VAL 922.00

Weekly R1: 954.50
Weekly PP: 904.00

Daily R2: 944.00
Daily R1: 935.75
Daily PP: 926.00

Highest High in last 20 trading days: 934.25

I will be watching what happens at R1 with great interest this morning ! Also watch the IB high for indications of a trend day if price is accepted above R1.

ES Daily Notes 5 Jan 2009

will use that last little pivot as stop @ 35.75

highest volume was at the 31.50 - 34.75...big spike for such a compressed day...so this low is critical if that ledge is going to get cleaned up

took one at 30.50...only one left now...

i also watch my DOM with bids and offers...you have to be careful because you might think that there is a ton of s/r and then they pull them on you at the last second

a retest of 34.75 will end my day...else I want 27.50 to end it..

took 1 @ 31 keeping stop @ 35.75...ill make the ride to 27 or lower with you bruce

I never could get the knack of that...I tip my hat ( if I had one) to those of you who have mastered it

quote:

---

Originally posted by VOwater

i also watch my DOM with bids and offers...you have to be careful because you might think that there is a ton of s/r and then they pull them on you at the last second

---

it would be a pleasure to ride along with such fine company...not sure they are done with this volume area yet though...

quote:

---

Originally posted by VOwater

took 1 @ 31 keeping stop @ 35.75...ill make the ride to 27 or lower with you bruce

---

that's me done at 28.75 ...go git em VO!!!

They know that we know that they know there is a ledge down below 27.50....LOL!!

Thanks PT. Very much appreciated the time and thought that you have put into the questions I asked.
I have still a lot to learn.
Regards
A