ES Journal - 2012

[ammo]

tl crack,79 80 next supp area price level

 

[Lawrence Chan]

Quote from Lawrence Chan:

HS shoulder 92 to 95

neckline day low below

target is gap fill below.

A sell setup right off 92-95 range overnight =)

breach of neckline 81 by at least 2 pts will give way to 1st downside target of 70-72

 

[JoshDance]

Quote from Lawrence Chan:

A sell setup right off 92-95 range overnight =)

breach of neckline 81 by at least 2 pts will give way to 1st downside target of 70-72

Great call LC, spot on

 

[ammo]

Quote from ammo:

have to run , leaving a 75.5 bid for reduce

avg 92 1.8 covered 1/4 at 80.5

 

[ammo]

wrong chart

 

[ammo]

we bounced off of 80 ledge top arrow,next small nip is 72-74,below is large nip 60-55,lines up with spy open int at 125,calls and puts,larger posssibility ,have to watch and narrow it down,see how many domino's fall

 

[ammo]

spy fat open int

 

[JoshDance]

Ok Trvl, get the "monkey butt" ready, here we go... could not stop laughing at that the other day, unfortunately the picture is still in my mind lol

 

[ammo]

Quote from Lawrence Chan:

A sell setup right off 92-95 range overnight =)

breach of neckline 81 by at least 2 pts will give way to 1st downside target of 70-72

LC ,on your weekly's ,what is your lower projection

 

[Lawrence Chan]

Quote from JoshDance:

Great call LC, spot on

First part completed.

The staged showdown here may not go lower if NQ refuses to cooperate. ES was "saved" twice by NQ already this week.