ES Journal Archive (2006 - 2008)

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Quote from pulsescan:

Daily chart is still in down channel. 60 min is showing signs of bouncing to fill the gap from yesterdays close then we take out the overnight low.


:cool:
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I don't wait for a channel BO :)
 
Quote from pulsescan:

today is going to be a parabollic down day. There is nothing stopping the down from falling 500 or more points today.
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Dow is in significant support zone.........10,800-900
 
This is option expiration week.

often, one side gets burned, and then the other side gets burned.
today, it looks like the final swipe at the call owners.

later in the session, though (or tomorrow) it will probably be the put-owners turn to get burned. with a run-up to the 1235-1245 area.

Spectre, your SL at 1208 is my first buy level for today, (1208-1205) BUT, usually when I become so greedy as to try to catch a finale swing like this, it does not happen and I end up scalping during the session.

I think next expection (under 1208-1205) for buyers/shorts to cover is 1196-1192.
 
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