ES Journal Archive (2006 - 2008)

[Buy1Sell2]

Quote from optionpro007:

b1s2, just wanted to thank you for your time and consideration reg the questions I posed on the Pabst thread.

I have a few more questions to ask if you don't mind, but I don't want to be imprudent. Please let me know if it's cool with you. Thx.

Cheers !

Certainly--ask away.

 

[Buy1Sell2]

I believe that we are within 45 minutes of an upside reversal here today.

 

[romik]

Quote from Buy1Sell2:

I believe that we are within 45 minutes of an upside reversal here today.

I am betting on 20ma kiss first

 

[thebuzzkill]

Why do you feel that we are headed down to the 20 ma first. That means the cash index would have broken 1326 which is offering decent support.

 

[m4a1]

hope you're right

Quote from Buy1Sell2:

I believe that we are within 45 minutes of an upside reversal here today.

 

[romik]

Quote from thebuzzkill:

Why do you feel that we are headed down to the 20 ma first. That means the cash index would have broken 1326 which is offering decent support.

it seems logical, 20ma has been providing support all along on this run up. B1, I assume, is taking support of 1335?

 

[wareco]

Quote from romik:

I am betting on 20ma kiss first

And that would be what? 1330?

 

[thebuzzkill]

I see your point Romik, I would be careful though, I am watching this level very closely to see which way to play this thing

 

[Buy1Sell2]

Quote from romik:

it seems logical, 20ma has been providing support all along on this run up. B1, I assume, is taking support of 1335?

No --just looking at the 15 min BLD in Histogram developing and the RSI failure swing/divergence that has already occurred. RSI on daily made a double top a couple of days ago, so the only advantage I have to being long is that I already was. Weekly still strongly up. Daily still up, but that double top RSI is looming there. I will look to 1321.50 and below as support .

 

[MiniDowTrader]

B1S2,
Are you using eSignal for charts?
Thanks
MDT