ES Journal Archive (2006 - 2008)

[ammo]

sh 55, ledge at 53 ,looking for 49,50, possible 44, in mp terms, we have the top to the center of a boob with a ledge at 53-54,to round out the bottom we need to fill in from 54 to 49-50,there is a small ledge at 43 from yesterday so 44 would be a nice target,but at a minimum we will fill down to 49, add 54.5

 

[BoyBrutus]

Quote from Jahajee:

Seems as if shorts are waiting to move in but they want a higher target. Bulls are somewhat scared of taking higher, except naive newbie bulls (NNB).
I think NNB will take it as high as recent swing hi at 895 or even 920 before next big move down.

865/870 is key --- if it fails here then the down move will begin

I would say that 853 is key and it would be worth the risk to take a long for new Highs.

 

[ammo]

Quote from ammo:

sh 55, ledge at 53 ,looking for 49,50, possible 44, in mp terms, we have the top to the center of a boob with a ledge at 53-54,to round out the bottom we need to fill in from 54 to 49-50,there is a small ledge at 43 from yesterday so 44 would be a nice target,but at a minimum we will fill down to 49, add 54.5

out 47 on half, 44.75 on balance

 

[saliva]

Busting right thru 848 and testing the upper channel. Disregard the annotation in the chart.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2204547" height="600" width="800">
Click to enlarge

 

[startraitor]

exit 1/2 at 47 stop to be and target?, will take it down to 1 at 41 and let the last ride.

Quote from startraitor:

going out on a thin limb targeting 37-39 today, will hold shorts.

 

[saliva]

Quote from startraitor:

exit 1/2 at 47 stop to be and target?, will take it down to 1 at 41 and let the last ride.

Look for a bounce at around 37-ish.

 

[Lawrence Chan]

When tight range break out failed, the other side will be tested.

That implies 818 previous day low.

Key confirmation is the bounce to 850, if that happen at all, fail to go higher.

 

[startraitor]

I have never been confused with an mp guy and rarely even look at histo but today looked like death valley, even an idiot like myself can see what is coming. Trust me, I am about as dumb as they come when it comes to book learning.

 

[jmoo]

s 837 842 stop

 

[saliva]

Quote from saliva:

Bears also know that a dead cat usually has 8 more lives.

But if 848 collapses, it might just invite the bears out of their hybernation.

What did I tell ya?!

The bears are fully awake now.