ES Journal Archive (2006 - 2008)

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Quote from Pekelo:

The only thing we can say after an ADU that the next day we will reach today's high, but this is not much help since we closed at the HOD.

Since we opened with a gap down, this means that at least we would close the gap...
 
This is not in sync with majority opinion on the forum but here goes:
I think the markets failed again, yesterday, to overome the important 920 level and is now on another move down.
It could be that another attempt is made today at 920 but the hourly charts look more bearish and it appears to me that it goes lower from here. How low? don't know.

Caveat: I have been wrong before, too many times.
 
added 95, target now 911 on 1st.


Quote from startraitor:

long here at 99, adding 94-95 big stop under 84, 1st target 920.

did not account for previous runup from Friday's low when calculating the downdrift last night.
 
The 3:55 - 4:05 pm top from yesterday has 200K contracts changed hand. And then we open today below the 904-905 spike low made at 3:50.

Could be a completed wyckoff thrust since we tested and failed at 905-906.
 
Quote from Jahajee:

This is not in sync with majority opinion on the forum but here goes:
I think the markets failed again, yesterday, to overome the important 920 level and is now on another move down.
It could be that another attempt is made today at 920 but the hourly charts look more bearish and it appears to me that it goes lower from here. How low? don't know.

Caveat: I have been wrong before, too many times.


I agree. Bulls be cautious.
 
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