ES Journal Archive (2006 - 2008)

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Quote from JSSPMK:

Spectre, what makes you think that the green channel is indeed a channel before it matured? Just because price is there at the moment doesn't really constitute a valid channel, only a vision of one based on previous support level. I am not certain yet, but I think we might be going lower tomorrow (looking at various hourly charts).
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all the other markets indicating lower also...

the red channel...

morgan stanley... numbers, someone might be front running them..
 
Quote from wiesman02:

Long @1351.50 stop @1348.00


Overnight hold here. Nice support on the 60 min at this level. Looking for this to hold and to possibly see a small short squeeze in the AM tomorrow.
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R10 signal and 50% should get ya 56 min with a shot at 61
 
Not interested in any swing trade (2-5 day hold) longs until 1338-1340, since 1370-1377 area was tested early today and rejected (Wyckoff upthrust)

Would like to see longs get washed out during a trend day down this week. If that happens, end of month 1405 is not out of the question (end of quarter markup).

Good luck to all.
 
last thur mp areas for s/r were 51 top nip, 46 cleavage, 43 bottom nip so we should at least see 43, dj trans are below a 5 yr channel,5275, and also closed below a lower tl,5150, started in jan 08
 
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