ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from JimmyJam:

Until 1462 is breached and held, this market has very little, if any upside potential.

JJ
More...
I basically agree with that.

Hey, I'm doing my part to get it there! :)

EDIT: Now above 1460.50, so micro-uptrend is established.

EDIT: JJ's 1462 has now been passed. Lookin' good.

EDIT: This reaction down-move is on much reduced volume, which is a bullish sign. Hopefully will surge back up above 1462 on higher volume.

EDIT: Less than 50% retracement, now back up to 1462.
Terrific price action. JJ, you convinced yet?:)

EDIT: We're now up better than 10 points, so there might be a little pause (expecially if Vol has anything to say about it).
 
Quote from JimmyJam:

I think it's a helluva headfake ... looking for price action to revisit the lows and drop further.

JJ
More...
You could be right. The acid test will come shortly if/when we close the gap (1465.25). I'll be ready to bail on short notice.
 
Quote from mbusch:

You could be right. The acid test will come shortly if/when we close the gap (1465.25). I'll be ready to bail on short notice.
More...

Ex - act - ly [chart]

I must admit though, the Bulls are giving it a helluva a try (classic, classic bear market action).

JJ
 

Attachments

Quote from saxon22:

Here comes the fall !!!! ( I hope) :D
More...

On days that open down, the unchanged level often serves as resistance. It looks like the floor has been trying to knock this up to unchanged. Several attempts have been made--close, but not cigar.

Mbusch is right--hope has no place in this business. We are speculators, not dreamers.
 
mbusch, how did u do on your overnight trade. I just got up to find out the the buy-stop triggered at 5425. Not bad for one night stance. :D
 
Status
Not open for further replies.
Back
Top