ES Journal - 2014

ttp://i.imgur.com/mAx2B1o.png spx
naz 91 n 02 supp line
http://i.imgur.com/Aj4gGvz.png
http://i.imgur.com/mAx2B1o.png same line
transports hit an all time trendline in jan broke it and fell below,also setting up a hns
http://i.imgur.com/NJT5jP0.png
http://i.imgur.com/LdpEP5W. png
http://imgur.com/UZrbvEr dow hit a line from 2000 at the same time is also setting up a possible hns
spx is working a 1814-1735 bell curve and its retraced to the midpoint,its also setting up a nice distribution pattern, hns possibility,furthermore we don't have the fed will back the banks rally mode in the on position any longer, it will take the hypnotized btfd traders a while to change thier psychy's and the opportunity to make money on human weakness will not be overlooked, ........... a stall here and a fall to 1735, could set up the bell below from 1730 to 1670.
http://i.imgur.com/T0tMYs9.png
 
State of the bounce: five waves can now be counted out and momentum is waning, while Ms. Yellen will most likely reiterate the Taper tomorrow......... it all leads me to believe we will get a slight pullback before the next leg up.

I'm still long the calls from last week but took on a few puts this afternoon in anticipation of the frightened algos tomorrow. :cool:
 

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ttp://i.imgur.com/mAx2B1o.png spx
naz 91 n 02 supp line
http://i.imgur.com/Aj4gGvz.png
http://i.imgur.com/mAx2B1o.png same line
transports hit an all time trendline in jan broke it and fell below,also setting up a hns
http://i.imgur.com/NJT5jP0.png
http://i.imgur.com/LdpEP5W. png
http://imgur.com/UZrbvEr dow hit a line from 2000 at the same time is also setting up a possible hns
spx is working a 1814-1735 bell curve and its retraced to the midpoint,its also setting up a nice distribution pattern, hns possibility,furthermore we don't have the fed will back the banks rally mode in the on position any longer, it will take the hypnotized btfd traders a while to change thier psychy's and the opportunity to make money on human weakness will not be overlooked, ........... a stall here and a fall to 1735, could set up the bell below from 1730 to 1670.
http://i.imgur.com/T0tMYs9.png

btfd traders = conditional response mentality. feds know it so they say what the mkt wants to hear otherwise they know the consequences. how long until it doesn't work anymore. I just remember 2008 before the bottom dropped out, this time is no diff.
 
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