ES Journal - 2012

[JoshDance]

Quote from JoshDance:

stop to BE

1st target 48.25, 2nd 49.75, 3rd 51.50

stop to 47.25 on remaining 2/3, targets still 49.75 and 51.50

 

[Lespaulr0cker]

Quote from bigsnack:

Okay I don't know where from here, that's all I've got. Anyone else?

My gut tells me we are on the way to retest 52.

 

[Hooti]

have we formed a double top?

I'm in a elliot wave class, but I don't see anything I recognize here. (paid for the class before I even heard of PA!)
The last legs up were a M/M...

EWT topping patterns include a wedge that could be in the process of forming.

Up to 1352ish seems possible again, I think so too.

Unless we alread formed a DT and go down.... or go higher... and I have to redo all the counts as EWT people do! *sigh*

 

[JoshDance]

Quote from JoshDance:

stop to 47.25 on remaining 2/3, targets still 49.75 and 51.50

closed 2nd unit 49.00
stop to 48.00 on remaining 1/3, final target 51.50

 

[JoshDance]

Quote from Hooti:

have we formed a double top?

Not yet.

 

[Hooti]

Why wouldn't the 2X to 1352.5 qualify as a DT?

LC said we had a
adam and eve
DT Thrusday... but it didn't seem big enough to be the end of all the grinding up to me...

 

[Lespaulr0cker]

Here we go

 

[ammo]

Quote from Hooti:

Why wouldn't the 2X to 1352.5 qualify as a DT?

LC said we had a
adam and eve
DT Thrusday... but it didn't seem big enough to be the end of all the grinding up to me...

has it hit in reg trading hours

 

[Lespaulr0cker]

lots of sellers at the psycological 50, may take a minute to chew through that

 

[Hooti]

Thanks Ammo.
I'm often up in the middle of the night, as I take care of a family member. So I leave the 24 hr chart up. My teacher keeps telling me to check the RH only charts(simplifies seeing what is happening), but I forget.

So much yet to learn