ES Journal Archive (2006 - 2008)

[Pekelo]

We just had an upside down dragon formation with doubletops (instead of doublebottoms). The Dow chart shows it better. The height of the M was 100 Dow pts and once the short failed, it went higher by 75 pts, before failing for good.

75, 100 pts, close enough...

Here it is:

 

[saliva]

Quote from Jahajee:

Where are the bears? It is slipping away from them...
Bulls are gaining...slowly and gradually...

860 to 865 is key zone of resistance

I'm BACK!

Trendline support at 855. If that breaks, we'll be on the highway to hell.

 

[Lawrence Chan]

Quote from saliva:

I'm BACK!

Trendline support at 855. If that breaks, we'll be on the highway to hell.

Bulls are fighting to keep their turf!

 

[kamek]

me too in full swing! i might have to get a job after today, lol. i had a nice 6 month run!

 

[Lawrence Chan]

GOOG should head for 270 level, but we see buyers every time it drops $10 ...

Edit: Implies a new low for NDX on daily

 

[kamek]

rimm is ahead of itself...alot of call buyers show they might slap it down alittle.

 

[ganesh6]

777 is the magic number?

Quote from Pekelo:

I think 780 is 50% from the all time high and 760 is 160 pts from the dragon failure, so a target between 760-780 for the low of the year and bounce sounds good....

 

[saliva]

Quote from Jahajee:

Where are the bears? It is slipping away from them...
Bulls are gaining...slowly and gradually...

860 to 865 is key zone of resistance

So are you happy now?

Never underestimate the bears!

 

[startraitor]

For journal integrity purposes I could not post management in time. But I do not let net 50+ point net gains go negative. There is plenty of room in the meaty part of the move to stop out +.

Quote from Pekelo:

You know what people get for betting against my predictions? You should have exited this while still ahead.... Or at least should have brought up the stop loss to break even....

 

[Lawrence Chan]

22 pts range?

Amazing strength so far to hold up.