ES Journal Archive (2006 - 2008)

[volente_00]

Quote from learner2:

Pekelo: Today has a good chance of being an ADU

What is an ADU? thanks

ALL



DEMBOYZ


UNITINGTOSHORTTHEGAPUPANDR10AND1030REVERSAL

 

[vertigo3]

LC,
the other day you mentioned a spike and ledge. Is that what I'm seeing on 2min?
any insights about SPike and Ledge?

 

[Lawrence Chan]

Quote from vertigo3:

LC,
the other day you mentioned a spike and ledge. Is that what I'm seeing on 2min?
any insights about SPike and Ledge?

Not a spike and ledge so far.

The spike highs are not retested in general.

And price should stall 1/3 (or more) of the melt up range then bounce around the lowered 50% of the top 1/3 range.

They do not happen very often but are very profitable setup

 

[smilingsynic]

Quote from learner2:

Pekelo: Today has a good chance of being an ADU

What is an ADU? thanks

ADU= All Day Up

If we get an ADU, then that would suggest that yesterday's thrust down was a bear trap after all.

 

[saliva]

Anyone going short here?

Short @ 1248.75

I'll opt for the Rule of 10...

 

[MandelbrotSet]

Quote from ammo:

lighten up francis(cold)

LOL, you never know in this place, but I don't think that's cold.

 

[lilduckling]

today is your second chance to short this rally if you didn't do it yesterday!

 

[saliva]

Quote from lilduckling:

today is your second chance to short this rally if you didn't do it yesterday!

Yeah, like I would still be holding them short positions from yesterday.

Everyday is a fresh opportunity!

 

[lilduckling]

forgive me........ im on swing mode



i will leave now

 

[Pekelo]

This is from the Index futures subforum, he is posting Resistance and support for the day:

Quote from jayt:

July 29, 2008 9.30 AM EST Numbers for ES:

Resistance at 1250.25 and Support at 1223.00

The hightick was exactly 1250.25 so far....Not bad....

Chart looks like a H&S...