ES Journal Archive (2006 - 2008)

[pulsescan]

Quote from Buy1Sell2:

We have not tapped 1205. My view is that we will need to and then snap back quickly for there to be fresh upside.

your correct. however the 60 min chart is making an attempt to push higher. no doupt it will be met with great resistance.

 

[pulsescan]

Quote from saliva:

I think you might have already missed the train. But then again, these are not normal times

your chart would likely suggest that ES is headed for a likely test of that break out point. this could either prove or disprove the volitity of the breakout or lack thereof.

 

[BoyBrutus]

Quote from pulsescan:


Yesterday was an inside day .

 

[saliva]

Quote from pulsescan:

...either prove or disprove the volitity of the breakout or lack thereof.

What does that exactly mean, limited to the three choices below?

1) Yes, there will be a breakout.
2) No, there will not be a breakout.
3) Both

In light of Occam's Razor, it sounds like the best-fit answer (or the lack thereof) to your statement is 3.

 

[pulsescan]

Quote from BoyBrutus:

inside high.

 

[pulsescan]

Quote from saliva:

What does that exactly mean, limited to the three choices below?

1) Yes, there will be a breakout.
2) No, there will not be a breakout.
3) Both

In light of Occam's Razor, it sounds like the best-fit answer (or the lack thereof) to your statement is 3.

in other words the breakout appears to be false. the mkt should continue downward. we will know this if when the breakout point is tested we remain above that point on the close of the bar.

you can see the flag forming on the 60 min chart.

 

[saliva]

Quote from pulsescan:

in other words the breakout appears to be false. the mkt should continue downward. we will know this if when the breakout point is tested we remain above that point on the close of the bar.

you can see the flag forming on the 60 min chart.

You do have a point. But, as I've already said, chart analysis tends to get thrown out with the bathwater in times like this.

 

[princessa]

Quote from Buy1Sell2:

We have not tapped 1205. My view is that we will need to and then snap back quickly for there to be fresh upside.

I have 1205.25 as LOD yesterday.

Moreover, we have tapped the 1205-7 area several times since then. That's close enough in my book, but we'll see....

 

[Buy1Sell2]

Quote from princessa:

I have 1205.25 as LOD yesterday.

Moreover, we have tapped the 1205-7 area several times since then. That's close enough in my book, but we'll see....

We have not tapped 1205 yet.

 

[saliva]

Quote from Buy1Sell2:

We have not tapped 1205 yet.

I'm afraid if we do in fact tap 1205, we will likely end up at 1200.