ES Journal - 2012

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Quote from ammo:

on the 4 hr,the ledge just above that cleav and the tl is 1.2920

So either a quick reversal (coinciding with the tl), or a rush through the zone for a breakout without much of a confirmation return?
 
Ammo is far batter at the MP analysis than I am. My only observation on any time frame is that if we enter into a new "boob", the market will tend to travel to the other edge of the "boob". I think we are approaching a ledge above us right now, so if we travel up and beyond that ledge, my guess is that we are going to keep on traveling higher, until we reach a ledge that someone wants to sell into.
 
Quote from ammo:

cash,we stopped at/ inside the 08-94 cleavage,and have been banging around inside, since spx reverts a lot, we have a good chance of pulling back to lower nip or extending 4-8 pts higher,more money to be made if they pull it back to 86 then run it to 1312-16,good open int in the 131-128 spy calls that would be a nice profit if they all or 3 out of 4 go out worthless
short o3 and leaving offers in from 08-12
 
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