ES 12-05-08

GOOD MORNING ALL! Well as you know im not a big fan of longer term forecasts, but i keep getting asked so much that thats why i posted some views the other day on the globex thread and the trading strategies forum. I bring it up not to receive plaudits but because im trying to 'teach' you that the techniques i have shown you here(price proj. and cycles) work on any time frame and in any market for that matter! I have always made good money from the markets but my dream has always been to create an 'army' of traders as skilled (or better!) as i am to level the playing field at this giant casino we call the financial markets. When i made the case for a top in the market tue-wed with 872.50-877 being the prime resistance area im sure most were skeptical, and heck, coming off of the most oversold market in history thats understandable.

Have to do my homework now, but i already told VO where we were likely to go and i hope he passed it along! " yeah, VO AND CHECK OUT THE HOURLY PROJ." i bring this up because a key element to interpeting what the market wants (for me anyway) is when a price proj is met and a decline (or rise) continues, i generally go to the next bigger chart to what what the 'bigger ' proj might be. such was the case yesterday. VOwater has another method of using fib extensions on his charts that i also find very compelling and valid.

good morning KOOL

good morning , sir!

I dont see where VO passed along anything?

NO? Well i just did.. the hourly projection was... 830.25! 13:12 post yesterday i think!

ok- yep I last hour yesterday was fun- made be go green and alot more.

Good man! long as you took their coin instead of the other way around , does'nt matter how much!

went short 842 cover 840. up 2 on the day

Non Farm Payroll out this morning as well

GM Ladies!

DailyPP: 851.75
POC: 863.50
S1: 827.75
R1: 871.25

60m: 876.50 / 824.50, 808
15m: 875.25 / 831, 826.50, 770

Welcome to the forum UKtradergirl

These dynamic charts (volume and tick charts) take a little getting used to at first. VO uses a 610 tick chart which matches my volume chart fairly closely.