ES Journal Archive (2006 - 2008)

[Jahajee]

906-910 is another minor support zone but if it can't rally and remain above 930/35 then there is a clear and easy path down to 882 and 862.

 

[Lawrence Chan]

Line up for 2:10 miracle rally?

 

[pulsescan]

Quote from Lawrence Chan:

Line up for 2:10 miracle rally?

looks to be a set up for the next leg down?

 

[Lawrence Chan]

Quote from pulsescan:

looks to be a set up for the next leg down?

Sure does.

Prefer to wait for complete break down confirmation for that.

 

[Buy1Sell2]

11-10-08 11:51 AM

Long with 20 @ 913.00
Initial stop 884.50
Staying long here with the same stop

 

[tommymoose]

A long @ 1915-1916 great opportunity for catching the next big move up with small stop... stop just below lows.

 

[ammo]

there is a small/large gap on last hour 10/28 and 1st hour 10/29 on mp,882-917,it would be a stronger nov rally if we filled that first ,unless they are accumulating,i dont see the bounce off of 910 area bringing in new buyers and overwhelming the sellers here

 

[Jahajee]

Quote from tommymoose:

A long @ 1915-1916 great opportunity for catching the next big move up with small stop... stop just below lows.

ES 910/920: we've been here so many times, a key support/resistance zone that can give a quick 20 to 30 points profit, short or long.
For bulls, the line in the sand is somewhere in that 910/920 area. I would prefer the market to try to go down to 880 or 860. This will tell us how bad it is or whether there has been an improvement. Of course, it would also give me a much lower long entry.

 

[tommymoose]

Quote from Jahajee:

I would prefer the market to try to go down to 880 or 860.

To the next zone it goes.

 

[Lawrence Chan]

First time since we printed the last swing low that people are stepping in to go long ...

Not necessary create a bounce here. But it is the first sign we may enter the sideway up market soon.