ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

at 7:00am GBP Interest Rate Statement No change expected 5.75%

-Thanks for the analysis, Anek
is that based on 5000 volume bar?
More...

More clear on 2500 due to AH low volume.

Anek
 
ES Head and Shoulders, neck not broken, plus yday low (68) still below it.

Failure would be an upside move above the right shoulder around 75.

FDAX weak.

Anek
 
at 8:30am
Initial claims,
Revision Non-Farm Productivity exp +2.3% prior +1.8
Revision Unit Labor costs q/q exp 1.6% prior 2.1%

10:00am ISM services for Aug
 
68/70 continues to act as a springboard....went fishing there last night & picked up a few that were just kicked @ 76 even...

market is at a critical TL here & could crack but i seriously doubt it before fomc..

edit: market creating concern for weak longs here as they dance around this critical TL....making them think about it before they rip it.i`ll continue to play it long here until shown otherwise.....a spook move to 66 would`nt surprise me to rinse longs,anything below 64 & i`ll start seeing a chink in the bulls armour but i still don`t see us cracking here.
 
V,

Sure thing.

It was not a monstrous explosion like failures usually are but it was good for a 3 point play if you bought the right shoulder breakout, better if you anticipated or waited for a good fill.

I took 2.50 and left to take a shower.

Anek
 

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