ES Journal Archive (2006 - 2008)

[JSSPMK]

Quote from avarus:

Look like 1318.25 is going to be the turning point.

do you mean turning point for a start of next upward oscillation or THE turning point? TY!

Kingyppo, which chart fibs or histo?

 

[avarus]

The turning point is set at 1318.25. Anything close to, at or under is long territory.

 

[JSSPMK]

K, check this FEB 07 vs DEC 07 daily histo pattern

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1781813>

 

[Pekelo]

Quote from Pekelo:

My guess here is that we gonna make it up to 1360 cash (which is the SMA 9 on the daily) before one more leg down....

We got 7 points close to the SMA 9, the Dow got 50 points close before turning downward again, so that was a pretty good expectation....There is not always a complete touch...

 

[kinggyppo]

Quote from JSSPMK:

do you mean turning point for a start of next upward oscillation or THE turning point? TY!

Kingyppo, which chart fibs or histo?

chart fibs.

 

[JSSPMK]

That's how I see next support levels, basic yes, I must admit I am nowhere near as good as Apex & Avarus (others also, sorry for not crediting you guys ) Here is the chart

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1781832>

 

[JSSPMK]

Anyone posting on ES Journal wanna organise a hook up, say in NY or Vegas some time this year? Get wasted & go visit Oscar

 

[Lawrence Chan]

Lately, critical price points for support are fueled with "external events" like sudden rate cut ...

Are we going to see that tomorrow?

The earliest I will get a long signal from my model is tomorrow.

 

[JSSPMK]

Long off 10 & 15 here

 

[volente_00]

on the first down day, the smart money is selling

on the second down day the semi smart money is selling more

on the third day of the move, the dumb money is puking their long positions and shorting late to the party as the smart money covers


On the fourth day, the dumb money will be forced to cover on the orchestrated spike to distribute more.