ES Journal Archive (2006 - 2008)

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Quote from apex82:

ya im long .75 with ya. could be a homerun or a small loss
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any confirmed move above 1442... will be coming off DB in key support zone. Also a possible C leg of the wave 4 decline which would lead to the 1464-1480 area.
 
Quote from Lance Carson:

Should NOT test 1437.75 on a pullback
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I would like to see one more low made... then we would have a bullish wedge to add to the confluence in the 1430-1432 area.

One last push to wash out the weak longs and get the whole world short below yesterdays low... This would definately give it the momentum it needs to make new highs.
 
Quote from apex82:

I would like to see one more low made... then we would have a bullish wedge to add to the confluence in the 1430-1432 area.

One last push to wash out the weak longs and get the whole world short below yesterdays low... This would definitely give it the momentum it needs to make new highs.
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Agree Apex

watch the 0830 news tomorrow, may be a gapper.

DJ NEWSWIRES SURVEY: US Feb Durable Goods Orders Seen +3.5%Last update: 3/27/2007 11:00:05 AM

6-Month
Feb Jan Dec Average
Forecast up 3.5% dn 3.2% up 3.9% ---
Actual --- dn 8.7% up 3.3% dn 0.4%
NEW YORK (Dow Jones)--The February report on durable goods orders is expected to show a rebound after January's big decline. The median estimate of 26 economists surveyed Monday by Dow Jones Newswires is for a 3.5% increase in February following an 8.7% decline the prior month. The Commerce Department is due to release the February durable orders report at 8:30 a.m. EDT (1230 GMT) Wednesday. "The volatility of the durable goods data limits the information value of any single report," noted Jim O'Sullivan and Kevin Cummins, economists at UBS Investment Research in Stamford, Conn. "However, the recession-like weakness in the January report increases the importance of the February data. We expect a sizable rebound in orders, including the key capital goods component, albeit not enough to offset all the weakness in January." They look for a 4.0% increase in February.
 
Quote from apex82:

any confirmed move above 1442... will be coming off DB in key support zone. Also a possible C leg of the wave 4 decline which would lead to the 1464-1480 area.
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Failed right at 1442 to to the tick.... 1437.50 is still key or else I think were heading for 1430-1432
 
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