ES Journal Archive (2006 - 2008)

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Quote from elovemer:

.....care to post a chart of it ?
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Sure. First top last Friday, second top yesterday and third is today (those themselves make another doubletop). The RSI is falling while the SPX is still going up...

 
Quote from Spooz Top:

thanks for sharing that....JSS
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no probs, I think IF FDAX was to start a slide tomorrow morning then ES might be in red on close around -10-15 by time US markets go into gear. Bulls failed to get it up to the pivot in the afternoon, which is a worrying sign considering there was a triple divergence on the 10 minute chart, so let's see :)
 
did my nightly analysis a bit early tonight & i`m going to be watching very closely for signs of a "turn" tomorrow south.

today was actually an "inside" day on spooz & spx & that can bring about several possibilities tomorrow.
 
I will be staying long here, especially with the strong 60 minute and 240 charts going the way that they are. Possible double top potential tomorrow on the intraday charts, but right now, it's time for me to stay long as the daily is long. :)
 
Quote from Pekelo:

Sure. First top last Friday, second top yesterday and third is today (those themselves make another doubletop). The RSI is falling while the SPX is still going up...
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I see a cup with a handle that takes cash to ~1580.
 
BS,

My NQ breakout play was based on an inverse head and shoulder, the final target of the pattern is usually the length from head to neckline added to entry confirmation. This is about now.....

I know from previous posts you don't believe in scaling out and that's fine but I would definitely tighten my stops in this area as the pattern looks near completion.

Definitely not calling a top just informing of the event. Hopefully it's helpful.

Anek
 

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Short at 1581.00 on this retest... stop at 1582.25 ... worth the R/R IMO

:edit: bastards nipped my stop by the tick.... I was trying to avoid the classic short washout with that... oh well... shorted again 82.00 stop 82.50 ... last shot

:edit: why stepping in front of trains is bad
 
Quote from tommymoose:

Short at 1581.00 on this retest... stop at 1582.25 ... worth the R/R IMO

:edit: bastards nipped my stop by the tick.... I was trying to avoid the classic short washout with that... oh well... shorted again 82.00 stop 82.50 ... last shot

:edit: why stepping in front of trains is bad
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Incredible pre-market strength today. Just shorted @84 and filled 11 sec. later @83
 
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