ES Journal Archive (2006 - 2008)

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Quote from PACMAN1:

out 83.25 now it will take off
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Not necessary ...

On 1 min, we have a blow-off top bar ranging 4 pts with volume.

Then the subsequence bounces never take out 85.25.

Can be a Mini spike and ledge with bottom 81.5

Edit: breakdown of this spike and ledge = 77-78 in play
 
Quote from Lawrence Chan:

Not necessary ...

On 1 min, we have a blow-off top bar ranging 4 pts with volume.

Then the subsequence bounces never take out 85.25.

Can be a Mini spike and ledge with bottom 81.5

Edit: breakdown of this spike and ledge = 77-78 in play
More...

Agree LC 1281 has been an important S/R last couple of days. You can see price holding at 1456 on the attached chart. Spike moves that fail do so on the reversal momentum imo
 

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Quote from smilingsynic:

Very rarely are two consecutive gaps in the same direction not filled by the end of the second day (at least one of the gaps will be filled, not necessarily both). That has been stated before here by someone else.

I did not bite, since I already had mine from yesterday (at 70--I mentioned it here, but since I did not provide a stop, only the IRS will count it). :-)
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Both gaps now filled--out at 88. Next gap--1322 area.
 
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