ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

The support level (S1 900.5) I was looking for becomes the target now ... ironic :P
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You mean it now becomes a resistance?

2nd half day should be interesting... Tday possibility, I've a slight hint of that happening, nothing quite confirmed yet. (though i almost fell off my chair when i read what tday meant :p)

Thoughts anyone? :)
 
Quote from stella:

You mean it now becomes a resistance?

2nd half day should be interesting... Tday possibility, I've a slight hint of that happening, nothing quite confirmed yet. (though i almost fell off my chair when i read what tday meant :p)

Thoughts anyone? :)
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If it keeps up with the extreme bearish tick reading while ES holding up like now, we may even have the gap filled.

Key is now - hold and rally, or, break down and zoom to next lower level.
 
Quote from trackstar:

Check ES on the hourly. The broken H&S should give you an idea where new resistance is.
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Is that considered a H&S? Looks more like a broken support.

For H&S to be valid, the prior trend has to be an UP trend isn't it?

On the hourly, the IHS is still valid. The problem with these patterns it is never quite clear where the 'shoulder' forms exactly. So only an estimation...
 
Quote from stella:

Is that considered a H&S? Looks more like a broken support.

For H&S to be valid, the prior trend has to be an UP trend isn't it?

On the hourly, the IHS is still valid. The problem with these patterns it is never quite clear where the 'shoulder' forms exactly. So only an estimation...
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To me it was an uptrend. Fit my definition bc my DT line broke(not pictured). Also had 2 HH and 2 HL(trendline drawn)

http://i34.tinypic.com/suzp4y.jpg
 
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