ES Journal Archive (2006 - 2008)

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Quote from Specterx:

If my time- and price-based targets for the next few months are correct - a rally to the 1100s until the next leg down in January - we should start seeing the stairstep/sawtooth pattern on the 60min charts. The price patterns we're now seeing last occurred in July. IMHO tomorrow will see a step up to the 910-1010 region.

Once 920 is broken, I do not have a target for the bottom, again.

Hope that you are right, so that we can sell into a better risk/reward level :)
 
Quote from Lawrence Chan:

Once 920 is broken, I do not have a target for the bottom, again.

Hope that you are right, so that we can sell into a better risk/reward level :)

920 just might be in play after the 10:00am announcement.
:eek:
 
Quote from pulsescan:

920 just might be in play after the 10:00am announcement.
:eek:

What 10:30 announcement? u-Michigan? If it is! I had thought the subscribers get that at 9:30.
 
Quote from Zodiac4u:

What 10:30 announcement? u-Michigan? If it is! I had thought the subscribers get that at 9:30.

don't know anything about that subscription thing.
I just go by what they say on the calendar.:)
 
Looks like take back Friday may be in play after a huge run up earlier this week. I look for longs to take profit today ahead of the weekend. i don't think anybody wants to be caught long over the weekend with all of this global economic uncertainty.

i think large institutions i.e. hedge funds, mutual funds etc. will take advantage of the higher prices and sell into the close.

also the usd/jpy is overbought and falling back down towards the 200day ma. this could be bearish for stocks.
 
Subscribtions to mich con sentiment report are available for $1000/mo payable by cash to the grad student in dark glasses and wearing an osu sweatshirt on the west stairs of the union, the thursday night before release at 7:00pm. That's the only one I know about.

looking for gap fill...
 
pulse that would be the obvious scenario,another obvious one is window dressing for the end of the month,haven't made a trade yet
 
Quote from ammo:

pulse that would be the obvious scenario,another obvious one is window dressing for the end of the month,haven't made a trade yet

so then you see some possible buying i.e. a rally into the close?
 
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