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.

the previous cycle high of 28.5 less the last cycle low of of 19.5 times 2.618, added to the cycle low, projects to 43.0 doesn't it? Am I oversimplifying?

ill be out long before but if this extends it goes to 38

well on the 1 minchart it declined at 11:34 at 824.25 and thats the one i usually use for my short term scalps

covered one at 830.00 plus 2 now up 4 and holding short from 832.00

done @ 29

covering the other

does anyone else have a gap 11:38-11:39 23-24.5?

it might retrace and take a bus stop to load up but their going to take her higher

out at 829.50 plus 2.5 on that half..now up 6.5...reasons for exit, im a SHORT TERM SCALPER . and it appeared to be pausing at the 1 min boll avg ..selling again soon!

prestwick I do not show one on tick or time charts

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.