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.

-533k

I'm trying longs off the 25.50..risky for me as overnight isn't my thing but a zone down here

but unemployment rate 6.7% vs. 6.8% expectation. job loss # was expected to be -325k so a lot of folks must have become uneligible for continued benefits

would like 32.50..ideally

flat at 34.25

5 points of excess on the current overnight low,,,,anyone also notice those double tpo's at wednesdays RtH low......not the best way to put in a low...it shows no conviction/single prints

NFP, Well that was interesting, Fudging the figures again are we Mr President?

Great scalp Bruce and observation re double prints @ yest. bottom. I have singles from prior RTH sessions 770-789.5, 801.5-802.25, 807.25-813, 813-814.25, 817-817.75, 817.75-820.25 and 832-835.75. That confluence around 817 and 813 should be worth watching.

Non Farm Payroll just reported with VERY BAD numbers. Lows not seen since 1973.

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.