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.

Ticks closed - 1002

bruce...will you consider selling the 40ish area?

yes,VO, i did notice. By the way 850-856 looks to be strong resistance on the upside. IM missing data on my charts from midnite to about 7 this morning so the early going might be a little rough for me!

And Jack... ive never seen the same corelation with high negative closing ticks like the positive ones and admit to having no clue why!

well i guess ill be selling the early part of the session untill the market tells me otherwise... guess im wanting to see that 805 number we got cheated out of some time back!

lower boys

was hoping to sell 837...never happened..1 min proj is 829

turned around sq 9 841. 827 sq 9

im embarassed to admit I was short @ 38.25 and got shook out for scratch

Bing on 829 and a turn... 837?

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.