ES Journal Archive (2006 - 2008)

[volente_00]

can the boyz strike again ?

 

[mbusch]

Boy, that was a beautiful rule-of-10 bounce!

 

[volente_00]

What's a rule of 10 bounce ?

 

[mbusch]

Quote from volente_00:

What's a rule of 10 bounce ?

Never mind, it doesn't work. :eek:

 

[Buy1Sell2]

Quote from mbusch:

Never mind, it doesn't work. :eek:

It's not that it doesn't work, rather it's more that it is an unnecessary insignificant rule. Other means of trading are much more profitable than the rule of 10 bounce or rule of 10 retracement.

 

[Triple X]

What a chopfest

 

[Lawrence Chan]

Multiple day gap below is a big attractor.

So is the one create this morning.

 

[cowf]

SHORT down to 1330 TARGET

 

[zerosum111]

this is like watching paint dry... im ready for the ES to break this 80 and down we go...

 

[tommymoose]

Vertigo -

For what its worth, I see us as in the middle of a major C-wave. Within that C-wave there is some more structure going on. There is the possibility of us being in the 5th wave right now, depending on how its interpreted. Either way, its a leading to a top. I'm plotting my zones using both assumptions. If a couple zones overlap thats awesome.

I'm not strict with my wave criteria (some people invalidate waves for all sorts of reasons and come up with crazy counts) My philosophy is that if its obvious looking it'll work...

Common End Of Wave C Price Projections:
61.8%, 100%, 161.8% projection of W.A.
61.8%, 261.8% retrace of W.B.
38.2%, 50%, 61.8%, 78.6% W.1-5 Retrace

Plot em all... when some cluster up you got a fib zone.

Heres the daily S&P chart I got going.