ES Journal Archive (2006 - 2008)

[saliva]

Quote from BoyBrutus:

You cannot be serious

Since it already bounced off the trendline at 983, I was feeling damn sure the trendline would break should we retest it again. With that in mind, I went to the bathroom to take care of the usual business. Well, how more serious can I get than this?

 

[volente_00]

Quote from pulsescan:

This is NOT a bull market. ES is still trading well below the 200ma on all major timeframes. Market will collapse as soon as all the talking heads go away after the election.

Bulls live above it, bears live below it.

 

[volente_00]

Quote from saliva:

970 is the next support, but the low 960s is the target of a measured move taken from this morning. Exercise ure own discretion.

I've got 952 on my radar

 

[Decel]

Nice trading day; I caught most of that drop from the 1060 region to the mid 1020s. Too bad I didn't take it further down.

Love Pekelo's consecutive gap rule. Thanks for the alert!

Is today considered an SDD?

 

[saliva]

Quote from volente_00:

I've got 952 on my radar

Sorry for the confusion. 970 was meant as the low of today's range. Earlier in the day, however, I did have this to say:

Quote from saliva:

On a technical level, we should retrace back down to 940-ish before kicking up higher.

 

[tommymoose]

940 - 950 zone looking good for a low risk, high-reward long tomorrow AM. 100+ point target if we bounce from there... 1120-1140 final target before we slide off into the abyss again.

 

[tommymoose]

Quote from tommymoose:

I'm sensing a move back to 1070 over the next week or two. A massive short squeeze to go along with one of the most massive drops in history. It could go higher, but this is the first area I'll be looking to get short for the next move down. Its important to remember that S/R levels work better for catching retraces than calling the end of a strongly impulsing trend.

HOD 1067

Now for the retrace before we blast higher... see post above

 

[Pekelo]

Quote from Decel:

Is today considered an SDD?

No. Tuesday was a doji basicly, just consolidation after a very big rally. But probably we will put in a 2nd bottom first. I agree with Tommymoose's view:

Quote from tommymoose:

940 - 950 zone looking good for a low risk, high-reward long tomorrow AM. 100+ point target if we bounce from there... 1120-1140 final target before we slide off into the abyss again.

 

[tortoise]

Quote from Pekelo:

No. Tuesday was a doji basicly, just consolidation after a very big rally. But probably we will put in a 2nd bottom first. I agree with Tommymoose's view:

sdd = ?

 

[volente_00]

h&S looking pretty, please bring us lower 50