ES 12-3-08


Daily PP: 837.50
S1: 824.50
R1: 862.25
Weekly PP: 858.50

POC: 834.25

Daily: 1128.50 / 732
60m: 874.75 / 824.50, 808
15m: 857.75 / 807.50, 805.75
5m: 825, 822.75, 816.25
I hope I didn't mess things up.
Are we still going over the fib & oprojections?
Kool- you just said shoud see 878 and then 885 doesn't turn her- what do you mean>?
Do you mean this shoudl provide some resistance
jack then you have a fib tool called called "fibonacci price extension lines" it requires 3 clicks. Click on the L then the H and finally on the retrace L. It will auto plot your price extensions. You can get rid of the ones that dont matter and keep 100%, 127.2%, 161.8%, 200%, and 261.8%. You of course would click on H the L then retrace for downtrend. Was this basically your question?
sorry jack I dont type fast
Palmer, VO, check this!///
LARGER BOWL CYCLE SHOULD HAVE ABOUT 2 HOURS AND 5 MIN TO GO(PLUS OR MINUS OF COURSE)
So think today is definitely the peak for now, therefore we head down rest of week
I pretty much understyand the cycles its in the area of price proj I am having trouble. Sometimed you use one bar high & low & other two bars. Pls ex[plaun
gang i got workout then ill be back...if anybody has questions just leave a detailed message and ill respond later
good trading today everyone


VOwater: thanks for the charts and helpful explanations