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.

AdvGet projecting 813 for end of Wave 5.

THIS ONES TRICKIER CAUSE OF WHICH BAR YOU START THE CYCLE WITH... SO IT COULD BE AS LATE AS 1:15 but the projection is valid unless we touch 817 area again

remember .. im very bearish today ... could be we invalidate or start back up and hit the proj. Any thing can happen (and probably will!)

in my heart i think we could be peaking here ... but who knows?

were @ 61.8 retrace from 19.50 L to 35 H

bounce right on cue

selling 830.50..only one (very risky)

Vo what dio you think ..i value your opinion.. higher to 843-47 or the parties over?

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.