ES Journal Archive (2006 - 2008)

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I watch the PREM for the bigger turns. It's always a little early. It's telling me to start looking to buy, but I don't think this CRASH is done with yet.
 
Quote from avarus:

I don't think this CRASH is done with yet.
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I agree, but a lot of folks are going to start trying to catch falling knives. (It's best to wear thick gloves when you do that.)
 
... we just hit the bottom of the channel on the daily chart ... spx
... below here... and we go back into the old channel....old daily channel....

... edit ... this might be the bounce for the day..... but still looking for 1400 es target...eventually
 

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....bump and run here...maybe
... edit....yeah if this holds... could lead to a move that grows more and more....
...edit....buy sig came on 1:00 bar on 10 min chart...
 

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If 1468 prints on ES, or if 2107 prints on the NQ, a 1-2-3 bottom will be in place. Either that, or a massive fake-out and Wyckoff upspring.

One of the more critical market moments of the year, for sure.
 
havent been on today... to busy trading.. lots of movement in all markets

watch for a reversal here at a new low in the 1458 area. Wait for buying to come in.. I wont be throwing out limits.. A new low and a continuation to the downside is very probable. possible entry in that area could lead for a 30 pt move.. At this point they are holding the 1460 area.. the day is not over though. We are at major support.. they could launch this market 30pts fatser then you can blink an eye.. just be careful around these daily zones. I am still short trying to work a big chunk out at that 1458 area if I see buying come in.

1475 is the last resistance.. if they can get above that it would be saying a lot.
 
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