ES 12-16-08


GM Traders

Daily PP: 873.75
R1: 891.50
S1: 854.75
POC: 868.25

60m: 903.50 / 848.50
15m: 903.50

overnight globex gap @ 874.25
quote:
Originally posted by palmer

What did the tick close at guys??


+1270 on Reuters, +1007 on DTN-IQ and +1184 from Schwab here
next stop tomorrow should be 929.50-932.50
closing ticks are telling us the end is coming within a few days now!
quote:
Originally posted by redsixspeed

quote:
Originally posted by prestwickdrive

bigs +101000 now



PWD;

They haven't sold any yet




Hi Red. The "big" number is a net figure of cummulative trades with a volume of 50 or more contracts. Overall net trades of that size were net +101k at that time so overall big money accumulated significantly today. Right now the number is +104k so they have been accumulating after the equity close also.


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H.W. Steele turning point either the 17th or 18th.
Meanwhile, cummulative trades of a volume of 49 or less contracts (my subjective definition of "small players") ended up approx -28k so small players distributed heavily and got burned today.
kool are you using 739 to 897 for the H.W. STEELE analysis???
yes and also from 1008.50 to 739! which gives the 18th!
Thanks PWD
Thanks for all the charts and goodies today folks........I enjoy it all but today I really enjoyed Prestwicks updates on what the "super powers" where up to...cool stuff