ES Journal Archive (2006 - 2008)

[Pholeuon]

One note more. The turnover point frojm exhaustion has rarely several attemps like now 5x 78.75
it is used just so everybody shorts and than stop run over. Top must be chaotical exhaustion with sharp end. Doubletops must be that close each other that only one tick chart shows it.

 

[tommymoose]

I agree Pholeoun. Last short zone coming up at 76.25-76.75 on ES. Maybe we'll get some kind of wedge... that'd be awesome.

 

[ammo]

77.95 in the spx cash will be double top if it stops there,but this mrkt looks strong, if you look at a daily, and give 2-3 points leeway this is a triple top here which means higher

 

[Chuck Krug]

got to follow my signals
/buys ES puts

 

[ammo]

offer76.50, 75.5 should have fallen out of bed, still buyers in here

 

[trackstar]

sold long, waiting for short entry.

 

[tommymoose]

Caught a little bit of that last draft down but covered 68.50... looking for another swing up to fail and get short for the bigger move

... missed

Maybe we get a H&S in ES?

 

[volente_00]

I love that crew

 

[ammo]

vol you looking for bounce here?

 

[Pholeuon]

To me looks possible 2 options:

1 stronf bounce in close and end above 1880 - break resistence there.
Another option end somewhere in 50-60 range to build second bull wedge that will bounce in next 3 days.
Bulls need break 1420 and stay there - not easy. Above 1400 will be shorting even grandmothers.

From 1350 up to 1420 is too long distance after my opinion. They will need some intermediate step, some wedge organised between 80-90. Just I am thinking loudly.

When will have something large earnings that can be big positive surprise?