ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

Someone tried 3 times in a row today to bring the price level lower.

All 3 times have exactly the same footprint.

What's the intention?
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a nice reminder for the house vote? looks like he succeeded....
 
Quote from newguy05:

a nice reminder for the house vote? looks like he succeeded....
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Usually something has to be done at a particular price level leads to this.

e.g. exotic option

Edit: When the necessary cross is done, the mkt will reverse direction
 
Quote from Pekelo:

Edit: New LOD at 2:34, we will see how the rule stands up...
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That low was 1123.5 and here we are one hour later at 1116, although it wasn't a straight down.

Nevertheless strike one more for the rule!
 
1113 will put in a nice Double bottom for the market (or on SPX). Then all the sheep can get long for the next 4 months :D


I'm thinking of the hammer the market put in at the August lows last year. It was so obvious after the fact but no one seemed to notice during that period.
 
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