ES Journal Archive (2006 - 2008)

[gobar]

falling wedge?

 

[Pekelo]

Quote from Pekelo:

I wouldn't be surprized today to get a -40 down day....

Cash just went -40....

 

[Lawrence Chan]

Quote from Pekelo:

Cash just went -40....

What's next? Up or down?

 

[BoyBrutus]

Dot com deja vu

 

[ammo]

Pek,you seeing all day down(add)or you waiting for yesterdays battleships to come in buyin again?

 

[Jahajee]

Looking to build an ES long positionfrom 855 to 870

 

[BoyBrutus]

hhhhttp://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={c951227d-3e61-4071-a144-223252fff2ee}

 

[Lawrence Chan]

usd/jpy will dictate the direction of ES.

As I said, to print a nice weekly bar, both ES and USD/JPY must finish the day higher than previous close.

Edit: An observation of the PA today, miniature double top and slightly lower high everywhere, thus it is a structured sell to bring price down. What level, who knows!

 

[Buy1Sell2]

Long 874.00

Initial stop 863.00

 

[Pekelo]

I don't know about the rest of the day but it really looks like we had a dragon failure on the daily chart too.
If so, height is 160, failure at 913 or so, that would take us down to 913-160= 750ish...

Probably takes 2-3 days to get there....

P.S.: 40 was just an educated guess...

Here it is: