ES 12-22-08


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  • koolblue
  • 22-Dec-2008 at 9:25 AM
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INTERESTING OPENING COMING UP!
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  • PDQ
  • 22-Dec-2008 at 12:04 PM
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quote:
Originally posted by Margie

quote:
Originally posted by prestwickdrive

Vo, Margie, pt or anyone, from the 11:12 L @ 73.75 to the 11:54 H @ 79.25 don't we get a projection to the 64.75 area unless 79.25 is taken out? TY - still trying to figure this out ...

pwd, I think you are referring to 10:12 ET to 10:54 ET, and this would not be a good projection because the movement is upwards and therefore would project a positive movement until the 73.75 was taken out and then becomes invalid but also this movement has a lot of "hesitation" so it would not be something we would use. I hope this helps.
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  • PDQ
  • 22-Dec-2008 at 12:06 PM
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Hi Margie:
Would the points you are referring to be valid 15 or 30 minute projections to the downside (to 962.50)?
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  • culsu
  • 22-Dec-2008 at 12:06 PM
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Those bloody time zones catch us all at one time or another. :)
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  • VOwater
  • 22-Dec-2008 at 12:07 PM
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I always use CST because thats is mine and the CME's
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  • VOwater
  • 22-Dec-2008 at 12:10 PM
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buying first higher high close if pivot low isnt taken
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  • pt_emini
  • 22-Dec-2008 at 12:11 PM
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quote:
Originally posted by VOwater

PT both my charting platforms show same numbers...what fib ratio do you use for 3rd target?


884.75 is a long term trendline going back to the 918.25 High set last week on Wednesday.
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  • VOwater
  • 22-Dec-2008 at 12:12 PM
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gotcha PT thanks
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  • Margie
  • 22-Dec-2008 at 12:13 PM
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quote:
Originally posted by PDQ

Hi Margie:
Would the points you are referring to be valid 15 or 30 minute projections to the downside (to 962.50)?

If I was looking at the 15 minute chart I would start with the 10:45ET candle and the downward projection looks good until 12:00 ET, but kool starts with just the first candle of the projection and then adds the second and so on. If you used the first candle only you would get you to 890.00 if you use all the candles until noon it projects to 850.25, but everything is invalid if it hits 903.50 again. Maybe VO or Kool would answer this differently but thats how I see it but that's a longer term projection. I like the abc projections and the double tops and bottoms that start them off.
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  • VOwater
  • 22-Dec-2008 at 12:15 PM
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l @ 70.75...stop 68.25
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  • PDQ
  • 22-Dec-2008 at 12:17 PM
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Thanks again Margie....Right now it looks like a 5 minute upside projection to 877.75?? (Which happens to be the 15 minute 20 period EMA)...
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  • pt_emini
  • 22-Dec-2008 at 5:30 PM
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874.25 is the Horizontal line off the 30 minute chart.

Click image for original size
161.8 Projection to 874.00<br><br>30 Minute horizontal line at 874.25


Click image for original size
Channel & Horizontal Line at 874.25
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