ES Journal Archive (2006 - 2008)

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Quote from saliva:

Here's a 5-year weekly of the ES

BTW, got picked up long @ 35.50
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there is a very significant topping pattern in that weekly chart....anyone?

an active lo was taken out to confirm it.....now expecting a build out on that weekly to complete it.
 
My hourly shows a possible support zone in the 29.75 to 31.50 area. If we get through that, next supports are 23 and 15. I remain short from 35 with a breakeven stop.

Funny how this business works. Yesterday I was "in the zone" and could do no wrong. Today I feel like I'm hanging on by my fingernails.

Right in the support zone now, so let's see what the market does here...

EDIT: Lowering my buy stop in case we bounce, and putting in a sell stop to add on short if we hit 1428.75.
 
Right in the heart of my zone here... wish I could have gotten long here but I didn't want to miss the possible move.

Selling is very strong, I'll probably get stopped out... need to see 1434 soon for the move to work.

:edit: ouch, done... after playing that TL 3 times it finally failed. Bulls dead now IMO
 
Quote from mbusch:

Added on short at 1428.75 on buy stop. Lowering stop on initial short from 1435.00 to 1430.75. Targets now 23 and 15.
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Fed guy will give us a lift...whats he going to say...they are going to raise rates? f..no
 
8:20 minutes into vid was when report came out.

<a href='http://www.screencast.com/t/4BqqnjVh'>NonFarmPayrolls010408</a>

99% of the traders can't do better then a simple set of rules.

all because of human psychology.
 

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