ES Journal - 2012

[ammo]

just for comparison look at the rth profile compared to the extended above

 

[Laissez Faire]

Crude oil inventory release in 13 minutes, FWIW.

 

[keeptradin']

Quote from Laissez Faire:

Bear flag broke. Let`s see now.

Looks like it's gonna be a long day for longs...:eek:

 

[Laissez Faire]

No real support until 1294 now, should we not snap up from here.

 

[Laissez Faire]

Open the flood gates now and stop delaying the inevitable.

 

[ammo]

Quote from ammo:

just for comparison look at the rth profile compared to the extended above

that large difference is just on a 1 day chart,should be obvious that the shorter the timeframe, the less significant the s/r's,better to play the longer term supp/res and narrow it down to 1 day

 

[ammo]

trying anothe long here 99.25, 2 pt stop

 

[Laissez Faire]

Flat into the report. Fairly confident we will see lower levels today, but they may want to defend this level and we could see a spike during the crude report.

Nor sure how that report affects equities, as I did not pay much attention to it earlier.

 

[keeptradin']

Quote from Laissez Faire:

Flat into the report. Fairly confident we will see lower levels today, but they may want to defend this level and we could see a spike during the crude report.

Nor sure how that report affects equities, as I did not pay much attention to it earlier.

Crude inventories way up....

 

[failed_trad3r]

crude broke hard yesterday, plus equities are very close to the 200 daily ma at 1285. I think this or next week well hit that number to test the 200 daily ma.