ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
If thes zones are held here at 1507.50-1510 through tomorrow Odds are we move to new highs over the next few weeks... If this zone is broken most likely a move to 1492 before the next large bounce.
 
price action reminds me of stealth buying based on tic action.

edit: the tic action to the downside seems resistant. almost as if its a forced move to trigger stops.
 
Quote from vertigo3:

Spooz Top
please excuse ignorance. What does IVB stand for What does OVB stand for?
More...

IVB ...inside vertical bar

OVB...outside vertical bar

that setup usually marks a reversal,especially at resist/support & lo risk entry with stop a few ticks above the hi/lo bar.
 
a way to look at it is, whether the fear is being priced in at these levels, when things are at the worst and levels hold, those are the best places to buy.
 
Quote from Spectre2007:

price action reminds me of stealth buying based on tic action.

edit: the tic action to the downside seems resistant. almost as if its a forced move to trigger stops.
More...

No offense spectre, but the the action is VERY BEARISH... huge volumes right at support levels. If anything, they are holding back so as not to push it too far due to lack of buying. Tomorrow buyers emerge, and regain all that's lost. LOL

jmho
Osorico :)
 
Status
Not open for further replies.
Back
Top