ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
watching the nikkei
if the nikk and spx run together and if we are working this bell curve and staying inside that channel the bell curve is 909-144; the mid supp to hold, to tell us higher or lower from mid is 600-500,now broken below says we drop from here
http://imgur.com/bbDNOUV nik 10 yr
http://i.imgur.com/dYNQQaG.png reduced to 6 mo 4 hr
http://i.imgur.com/263A4rS.png reduced to a 29 day 1 hr
says 345 area fail gets 277
if the nikk and spx run together and if we are working this bell curve and staying inside that channel the bell curve is 909-144; the mid supp to hold, to tell us higher or lower from mid is 600-500,now broken below says we drop from here
http://imgur.com/bbDNOUV nik 10 yr
http://i.imgur.com/dYNQQaG.png reduced to 6 mo 4 hr
http://i.imgur.com/263A4rS.png reduced to a 29 day 1 hr
says 345 area fail gets 277
thanks Ammo -- short term contrarian point of view is (bullish) falling wedge on russell futs 4hr/8hr, 6J sitting right at downtrend line 9.745, therefore possible rally in equities from down here (at least the russell?) with a bit more upside on USD/JPY before the real move. trends breaking sometimes a fakeout followed by huge shakeout, followed by the full move.
no guarantees of course, just looking at alternate point of view/scenario that would provide a more favorable sell point possibly up to fed this week. would guess that if this point of view is wrong, it might be wrong in a very bad way. just concerned media is too openly bearish, thus suspect rally to retest/shake the tree before tank. also known as bear "hope" due to missing entry on friday's roll.
no guarantees of course, just looking at alternate point of view/scenario that would provide a more favorable sell point possibly up to fed this week. would guess that if this point of view is wrong, it might be wrong in a very bad way. just concerned media is too openly bearish, thus suspect rally to retest/shake the tree before tank. also known as bear "hope" due to missing entry on friday's roll.
Top of des triangle 76.75
Bottom from Friday 65 area
Projection is height or 11 from 65
175 dec put were still fetching .92 Friday $3 otm
This is the lower boundary for spy range for dec
Key will be if spx 1670-72 offers support during Rth or if it gaps down and turns into resistance
I got bit. Was watching my charts and when it went down it was so sudden thought there must be something to it and sold...almost at the lows...went to bed ...tossed and turned and sure enough when I got up had to cover at (probably) the highs.
This week will be volatile no question but moves like that often do portend what will happen down the road...almost like someone clearing the books.
That was your mistake. Most of the bar tails created in charts happen like this.