Quote from volente_00:
I think they would sell the 93's to all the late to the party chasers at 95.25
congrats, I don't like to see anyone loose money. Especially individual private traders, its us against the bigboys/insti's.
ES Journal Archive (2006 - 2008)
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congrats, I don't like to see anyone loose money. Especially individual private traders, its us against the bigboys/insti's.
1485-88 is target for the gap.
2 under and above
So when do we fill the 1411 gap on cash ?
....after a 3 wave correction from the highs....daily chart....
.....we are in the 5th wave up....
....this 5th wave started from the bottom of that IHS at 1453 z ....
....in order to maintain this uptrend price action.... we should take out the high at least at 1512.25 z .....
..... then another 3-wave correction could begin which could bring us back to
....anywhere as low as 1385z....to maintain uptrend price action
.....not expecting....but looking to take out 1512.25z before seeing 1453.50z again
..... just one person's perspective
... could be wrong....
....i think we have been riding trendline since hitting 1491.50z
....also....since the drop down into that IHS last Friday..... I have been seeing W formations all over the place.... bullish....
....B1S2 and everyone else.....your comments and advice are very much appreciated
....respect to all...
.....we are in the 5th wave up....
....this 5th wave started from the bottom of that IHS at 1453 z ....
....in order to maintain this uptrend price action.... we should take out the high at least at 1512.25 z .....
..... then another 3-wave correction could begin which could bring us back to
....anywhere as low as 1385z....to maintain uptrend price action
.....not expecting....but looking to take out 1512.25z before seeing 1453.50z again
..... just one person's perspective
... could be wrong....
....i think we have been riding trendline since hitting 1491.50z
....also....since the drop down into that IHS last Friday..... I have been seeing W formations all over the place.... bullish....
....B1S2 and everyone else.....your comments and advice are very much appreciated
....respect to all...
1485-88 is target for the gap.
It offers reloading for 20 point buffer in range.
1504-1484 plus extra 10 for B1S2's exit at 1510.
which equal 1514 on FED rate cut. So safe zone would be only at 30 point discount, from highs established...since market will gap to that level first few seconds off the news if its a cut.
1504-30= 1474
1468 on seps plus 12 point carry interest on decs... brings 1480.
So 1485....around is gap zone.
It offers reloading for 20 point buffer in range.
1504-1484 plus extra 10 for B1S2's exit at 1510.
which equal 1514 on FED rate cut. So safe zone would be only at 30 point discount, from highs established...since market will gap to that level first few seconds off the news if its a cut.
1504-30= 1474
1468 on seps plus 12 point carry interest on decs... brings 1480.
So 1485....around is gap zone.
shrug...winter of discontent will resume as more reports come out.
....after a 3 wave correction from the highs....daily chart....
.....we are in the 5th wave up....
....this 5th wave started from the bottom of that IHS at 1453 z ....
....in order to maintain this uptrend price action.... we should take out the high at least at 1512.25 z .....
..... then another 3-wave correction could begin which could bring us back to
....anywhere as low as 1385z....to maintain uptrend price action
.....not expecting....but looking to take out 1512.25z before seeing 1453.50z again
..... just one person's perspective
... could be wrong....
....i think we have been riding trendline since hitting 1491.50z
.....looking for wed hi to provide support friday.... 1494.5z
....also....since the drop down into that IHS last Friday..... I have been seeing W formations all over the place.... bullish....
....B1S2 and everyone else.....your comments and advice are very much appreciated
....respect to all...
.....we are in the 5th wave up....
....this 5th wave started from the bottom of that IHS at 1453 z ....
....in order to maintain this uptrend price action.... we should take out the high at least at 1512.25 z .....
..... then another 3-wave correction could begin which could bring us back to
....anywhere as low as 1385z....to maintain uptrend price action
.....not expecting....but looking to take out 1512.25z before seeing 1453.50z again
..... just one person's perspective
... could be wrong....
....i think we have been riding trendline since hitting 1491.50z
.....looking for wed hi to provide support friday.... 1494.5z
....also....since the drop down into that IHS last Friday..... I have been seeing W formations all over the place.... bullish....
....B1S2 and everyone else.....your comments and advice are very much appreciated
....respect to all...
There is always a chance of no spike , this rally could be just a runup into the news and the we sell off. If we were falling into the meeting then I would think different. Options expire next week and they point 1450-1500 for the moment. So 1464 -1514 for ES. I think the generals will hold this up at least until oe.
insti's need to use the cut to distribute to the public, if its a cut, the insti's will keep it up for a couple days or for the week in general.
this affords them the opportunity which will be rare, to offload before more confirmatory reports come out. As the year progresses, the true extent and devastation may become more evident globally.
so insti's have no choice but to prop it up during fed week. The only thing that can upset this, are rogue hedge funds, since their returns have been meak. They will look to capitalize on the removal of FED risk, and could prempt and start selling hard....thats when the gap on cash at 1411 gets filled.
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