ES Journal Archive (2006 - 2008)

[avarus]

Quote from elovemer:

...... great work avarus......
.....

likewise elovemer

 

[elovemer]

.... my work is to learn from you and the rest....

Quote from avarus:
likewise elovemer

 

[tommymoose]

Quote from tommymoose:

I see a very good entry at 1322.50 H8 for anyone looking to get short this thing.

The reaction at this level is apparent, now to see if the bears can hold them off here.

maybe one more push to test 22.50 or 23 to fill out the 5 wave wedge.

 

[joeyata1]

a lot of traders careers ended today trying to short that monster move

 

[vertigo3]

tommymoose,
can you show your wave count, or at least give a little description (length of bar, and end prices for waves?

 

[joeyata1]

if you shorted 18 did you just cover at 20.5?fakeouts everywere

 

[tommymoose]

Quote from vertigo3:

tommymoose,
can you show your wave count, or at least give a little description (length of bar, and end prices for waves?

Well I see this is a corrective move from 1282 which should be a 3-wave move. So you could easily see on most timeframes on todays chart. 1322.50 was the measured move target aswell as the 78.6% retrace from yesterdays highs (both to the tic).

The small scale one I was referring to when I said I was waiting for the 5-wave wedge to fill out is in the chart (1 min bars).

 

[brightstone]

wedge or triangle

levels holding well

below 19 we shall see.

 

[candles]

Quote from candles:

Shorting SPX here it 1318.3

Closing half here for 4.5 points profit

 

[volente_00]

how bout that t day theory?