ES Journal Archive (2006 - 2008)

[ammo]

on a 2 hr, going back to 10/16,spy has a neckline near 833,that when/if broken ,sets up for a 17 point drop on h&s pattern

 

[Lawrence Chan]

Quote from Lawrence Chan:

Classic spike and ledge in the making,

spike high 68-69 ledge top 64 bottom 48

Break below implies 828 target

Getting close

Good old classic pattern rocks!

 

[kinggyppo]

keep shorting those false breakouts.

 

[jmoo]

out +15 on runners 833; good enough for government work, no pun intended


+2 on scalp 850.50 stop on runners


short 848 tgt 846 leave runners

 

[Pekelo]

Quote from Lawrence Chan:


Break below implies 828 target

Nice call. Now do you expect a rally from here and if so what is the target?

 

[Lawrence Chan]

Quote from Pekelo:

Nice call. Now do you expect a rally from here and if so what is the target?

Thanks.

Downside wedge breakout upside with fed minute by 2 pm ET, mkt should go into waiting state and drift in the bottom 1/3 of range. That implies trend sell in the afternoon.

Not want to trade until after the fed minute release.

 

[trackstar]

Quote from Lawrence Chan:

Thanks.

Downside wedge breakout upside with fed minute by 2 pm ET, mkt should go into waiting state and drift in the bottom 1/3 of range. That implies trend sell in the afternoon.

Not want to trade until after the fed minute release.

Nice call earlier.

 

[saliva]

Well, there's a hopeful sign that we're bottoming...for now.

 

[Gul]

Quote from saliva:

Well, there's a hopeful sign that we're bottoming...for now.

Hi Saliva!

Where short and where long???


Thanks

Gul

 

[Jahajee]

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