ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

for those who are curious the trendline off the intermediate term bottom from 1380 was broken.
It bounced right at the old channel. Would you think the next test of this bull market is what happens when we close below that line?
 

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the spooze when it hit zones where there is no direction seems to shuffle around in a 20 point range sometimes 30.

With 1520 being the high, repeated stop runs at 1500 are of a high probability. The big boys need huge ranges to make money. So if they push it lower by 5 points, the likely hood is that it gets pushed lower to bottom of the range.
 
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