ES Journal - 2012

[keeptradin']

Quote from Laissez Faire:

Another failure at the highs or can we make a run towards 90?

Solidly above R1 and lots of room to run. If no double top formed here I can see a run for the 90 area by EOD.

 

[keeptradin']

Quote from keeptradin':

Solidly above R1 and lots of room to run. If no double top formed here I can see a run for the 90 area by EOD.

Here's another look at it on the 15. One tick higher high...

 

[ammo]

needs to get over this hump

 

[keeptradin']

Quote from ammo:

needs to get over this hump

This level is more than a "line in the sand", it is a sand dune!!

 

[ammo]

Quote from ammo:

sh 82..3.75...4.25

avg 3.33, reduce 2.75

 

[keeptradin']

Here's where we get the showdown between the Pit and the Paper. This what the Brits call a "sticky wicket."

Double top at 84.75 has retail thinking reverse and short. Pullback to R creating doubt about entry.

Big Money always wins.

 

[ammo]

hns trans

 

[Laissez Faire]

Double top, but still a wedge formation and holding 81,50 for now.

Could easily go both ways, I think.

 

[ammo]

Quote from keeptradin':

Pullback to R

Big Money always wins.

what does r represent

 

[keeptradin']

Quote from Laissez Faire:

Double top, but still a wedge formation and holding 81,50 for now.

Could easily go both ways, I think.

Exactly, and that's the game. Retail afraid to pull the trigger here, and by the time we do, the train done left the station.

Serious breakout pending here, but I'm not risking my $$$ on the coin toss.