ES Journal Archive (2006 - 2008)

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Damn, they are following my plan!! PPT: Pekelo's Perfect Timeline

Quote from Pekelo on Monday at 12:30:

I got the PPT's marketplay for the next 10 days, here it is:

-rally to the SMA on the daily chart 990-1000, done by Tuesday.
- bounce back from SMA, down to 950-920 making 2nd bottom
- rally and breakthrough SMA, reaching 1050+
-falling back to the SMA
- further rally, possibly 1100 what will be another nice short opportunity.
More...

Let's see where we are now:

1. Rally to the SMA, done by Tuesday: check (overshot)
2. Bounce back from SMA: check
3. Down to 950-920: underway (reached 966)

P.S.: I thought the bounce to be around 1040 (posted) and the SPX topped at 1044
 
Quote from pulsescan:

right now the "CASH" is leading the decline in ES.
More...

Liquidation in the underlying continues.

Unless we see papers step in to buy here, we probably have to wait for low 800 for a better bottom.
 
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