Homework for Thursday 2009.01.07

7. January 2009
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ES - My homework script is really coming together. Below is the summary of what it calculated using Gann values from both daily, intra-day, pivot points, HLC, and confluence of these levels.  Very involved script.  In general, the more items off to the right of the number, the stronger the value.
 
Based on Wednesday's close, you have the first list of levels above acting as resistance, then the second list as support.  I'm expecting this down trend to continue, so I'm looking to short a rally to either the 912 or 917.75 areas (see the bottom two numbers in the top list, closest to Wed Close), then down to the ascending trendline (see second chart) at 887.75 or 882.25 (two numbers within the 2nd list).  Look for support on the way down at 902.25 and 897.25 (other numbers in the 2nd list).
 
 

 
 
 
 
UPDATE - Here is an improved format of the above homework.  Same numbers, just more information.
 

Homework

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