ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

what does goldman have to do with this?

it`s called being able to read price action......with a little help from ECB Webber that hit the headlines........just as fed pres Poole spiked us up for the bulls yesterday...........ebb & flow.
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Thats good advice, ebb & flow - i don't give a damn what the cause was. :D

That last move down was the easiest $1000 i ever made.
Massive selling down and i made my money going up - makes me feel better considering i missed out on the down move.
 

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Quote from Spooz Top:

if we take out 65 here .....we have exactly what i was banking on....an outside day on the daily......that is a big turn of events for bears if they can turn this thing here.

bulls will be defending the hell out of 65 here.

edit: they don`t need to close below 65....just take it out.
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From MP INTRADAY (multi-days) basis, 1562.25 is a nearby POC, w/15m 200sma confluence. Below 62, 1550.75 would be "logical". Confluence with 1551.50 POC and the psyco 50 number.

Good trading to all
Osorico :)
 
We went from top to bottom 20+ points and then bounced up 10 points. What do we call that?

I call today's pattern failed ADU and I already discussed it here:

http://elitetrader.com/vb/showthread.php?s=&threadid=105035&highlight=adu

"Example of a failed ADU. Technically speaking this is not an All Day Upper, because it melts down by the end of the day, around 2 pm, but for the first half it still follows the timeline, so I call it failed ADU."

The tip that the pattern might become a failed one is the low volume and the relative low high of the Dow around noon...

Edit: we bounced from -30...
 
Quote from Spooz Top: from this morning

i`ll take a stab at the big pic or so & say we build out from here as has been the PA over the last few weeks......big gap up & the a build out.....in a 20/30 handle range.
especially being that the 79/80 objective has been hit.....within the build out...the power will continue to be up with sharp spikes up during the build out.....85/87 looking like a cieling.....55/60 floor.
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86.75 hi.........60.00 lo (so far)...........off by a total of 1 tic (so far)

just does`nt get any better than that........:cool: ...floor to cieling!
 
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