ES 1-6-2008


  • 1
  • pt_emini
  • 6-Jan-2009 at 8:59 AM
  • Rep: 5,707
  • Posts: 1,941
Good Morning Traders !

VAH 930.50
POC 925.50
VAL 922.00

Weekly R1: 954.50
Weekly PP: 904.00

Daily R2: 944.00
Daily R1: 935.75
Daily PP: 926.00

Highest High in last 20 trading days: 934.25

I will be watching what happens at R1 with great interest this morning ! Also watch the IB high for indications of a trend day if price is accepted above R1.

ES Daily Notes 5 Jan 2009
Using Kool's Tools, if we work off the bounce from 31.75-34.75 from which this decline started, did we have a projection of 27.0?
  • 0
  • PDQ
  • 6-Jan-2009 at 1:26 PM
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  • Posts: 167
...Initial 15 minute projection of 926.75 was hit - should be able to short this bounce...
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  • Margie
  • 6-Jan-2009 at 1:27 PM
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pwd, I think what you are trying to do is take an upward movement and project down but an upward movement projects upward until it's low is taken out. You project downward with downward movement.
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  • bbrad63
  • 6-Jan-2009 at 1:29 PM
  • Rep: 240
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1 min projection 161.8% 931.00 ish??
TY Margie. I really struggle with what sort of set-up to use to make the projecton from.
  • 0
  • lordalfa
  • 6-Jan-2009 at 1:31 PM
  • Rep: 140
  • Posts: 264
Thanks. Short 27.0 target 23.25
FOMC minutes at top of hour
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  • VOwater
  • 6-Jan-2009 at 1:34 PM
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PWD that is NOT the correct way to find Kools projections, however, it is a valid way of finding swing extensions. Swing extensions are important numbers for the 5 pt harmonic patterns.
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  • myptofvu
  • 6-Jan-2009 at 1:34 PM
  • Rep: 2,018
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PWD does this help?



Click image for original size
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TY VO
  • 0
  • vast524
  • 7-Jan-2009 at 3:44 AM
  • Rep: 0
  • Posts: 39
Thanks PT. Very much appreciated the time and thought that you have put into the questions I asked.
I have still a lot to learn.
Regards
A
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