ES Journal Archive (2006 - 2008)

[romik]

failed to bounce more 1/2 way of previous bar on 5 min, broken channel...

 

[El OchoCinco]

You referring to 1310.50 as halfway mark of breakout bar on 5-min chart from recent consolidation?

 

[romik]

exactly, and still looks weak to me, but finger on the buzzer though 1311.75 stop

 

[El OchoCinco]

Yes, that is good. I was looking at it from a Fib retracement but it still gets to the same point. I would watch that 1309.75 since it keeps bouncing off of it, a 3rd time might push it through and then the floor will drop off a bit. If it hovers there, try and get the bid to buy back at 1309.50

 

[PitchBlack]

Quote from romik:

exactly, and still looks weak to me, but finger on the buzzer though 1311.75 stop

normally trend should stay short till the close.

 

[romik]

I am hoping for 1306-1307 range to close

 

[romik]

If I am not a total Duffy, selling should kick in soon now, but that is more of a gut feeling there, etc

 

[El OchoCinco]

09.75 level was broken nicely... nice short.

Do not get too greedy since those late day rallies can come from nowhere

 

[romik]

thanks OC, covered 1308.25, have to go out now unfortunately, otherwise would have held until BE or more gains. C u guyzzz.

 

[El OchoCinco]

Good cover and nice 2 pointer...