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The 5 minutes chart, buy has not confirmed.

3 minutes chart:

3 minutes chart would generate a buy signal here. I think this is not very reliable on 3 minutes chart for trend play, but good for scalping. We might see a zero line rejection right around the pivot, the CCI might not pass the 0 line.

Now it is trading around the pivot. The entry price for a long play is when the downside trendline breaks. In the chart, when the white line crosses the CCI line at the bottom, a buy signal, it might happen after lunch. This is 5 minutes chart, it is more reliable for this kind of play.

A little ghost formed after unable to break the resistence?

You're right on that chart. The short-term looks good for more upside, maybe next week.

Anyway, the pivot: 665.7 Support 664.5 (the low of the day tested for 30 minutes) First support 664.2 then 664.8 (they wanted to drop to this level, didn't happen). Resistence 1: 667.8 Resistence 2: 668-668.4

Since last week, the same game has been played over and over everday. Especially on ER2, they would either tank it at the open, or gap it up, tank it to 4-5 points until start a big sqeeze on 10:30-11:30 AM. They trap shorts in, then they'll push it up and make a run. This game played over and...

ER2's Elliott Wave chart. http://tinypic.com/view/?pic=fktyd5 Given a starting point, point 1 and point 2, then point 3, point 4 and point 5 are automatically generated. As you can see today's closing price is on that wave line. ER2 is still in the third wave, this wave could extend to...

If ER2 closes above 666, it'll have a new trading range.

Nope, shorts bought up the MAs again.

Finally MAs are crossed. I hope it establish a downtrend.

ER2 could easily be pushed to 670 or going down hard in the last 40 minutes. Shorts are buying up on every dip to the 20 day MA line. Too many shorts are in the game. What a day today is.

Covered 666.40.

Reverse the trade at 667.

Here we go, break out. I went long 665.50

Flattened at 665.40-665.50. Watching.

I've 664, 663.2, and 662.2 for R3, R2, R1 and 661.3 as the Pivot.

Went short 666.30, this is the major resistence area. Stop at 666.70.

Out 665.80. Waiting for the ultimate drop or breakout!