ES 12-8-08


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  • VOwater
  • 8-Dec-2008 at 9:11 AM
  • Rep: 133
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GM Traders

Daily PP: 856.25
Weekly PP: 861
Monthly PP: 881
POC: 829.75

R1: 895.75
R2: 918.75

60m: 933, 980.50
15m: 910, 914.50, 922
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  • koolblue
  • 8-Dec-2008 at 11:10 AM
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atta boy Bruce!
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  • palmer
  • 8-Dec-2008 at 11:11 AM
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should start getting resistance at R1 for sure which is 923.75
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  • BruceM
  • 8-Dec-2008 at 11:11 AM
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what was nice about this is that they YM was breaking out of it's hour range much earlier then the ES did.......I like shorts when dow leads higher and longs when dow tries to lead lower...in general..obviously not perfect
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  • koolblue
  • 8-Dec-2008 at 11:11 AM
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read the 11:10 post .boys! 911.00!!!
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  • palmer
  • 8-Dec-2008 at 11:13 AM
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market breadth is very strong- they buying the pullback for sure
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  • BruceM
  • 8-Dec-2008 at 11:14 AM
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look how YM isn't testing it's hour high.......very tricky stuff! I think it will and soon
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  • VOwater
  • 8-Dec-2008 at 11:14 AM
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left a gap @ 6.75
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  • pt_emini
  • 8-Dec-2008 at 11:15 AM
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908 seems to be an important price level, been seeing a lot of volume surging at that price.
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  • VOwater
  • 8-Dec-2008 at 11:16 AM
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im in the double top camp...will need to take out 11.25 to change my mind
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  • koolblue
  • 8-Dec-2008 at 11:16 AM
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DOWNSIDE 5 MIN PROJ. IS 896.25 IF 911.25 ISNT HIT AGAIN
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  • BruceM
  • 8-Dec-2008 at 4:17 PM
  • Rep: 216k
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How true Kool..the way I look at is if the market only trends 30 % of the time ( and that's probably generous) then we need to make most of our money on counter trend trades unless you are the type who can take many losses and win on the trending 30 % of the time...I can't
quote:
Originally posted by koolblue

you know what i really love? A 300 point up day in the dow and most of us made most of our money SHORTING the market. FRIDAY TOO you know your doing something right when you can do that! Congrats to all.. c ya tomorrow!
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