ES Journal Archive (2006 - 2008)

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Well, I discern a Double Top in the hourly

MACD has turned down, a kiss down (someone said better than sex, in a previous post?)

Volume is lower on this move up today versus move yesterday - the two tops

momentum oscillator is still above but dwindling rapidly as it approaches zero line


High probability market has topped and down again to 815, and lower.

Could gap down tomorrow, when SPX options expire at close
 

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Quote from riskaddict:

It's like they close here on purpose to keep us wondering what will happen next. This is better than any movie or book!

i love the annotations on your pictures
 
Quote from Pekelo:

Since we opened with a gap down, this means that at least we would close the gap...

...and so we did. The after ADU rule got justified when we reached at least the same height as the previous day's HOD.
Tommorow we should blow 920 with power because:

--we have a the double top (1st Dec 8-9th) with RSI convergence
--Thursday T day
--ascending triangle on the daily
--BB going higher
 
Here is a backward, hindsight, target call in that I did not even remember making it, or the reasoning as it was occuring. if I did, perhaps I would of taken my last one off at a tick from the high, instead of 4.5 points lower and later.


Quote from startraitor:

why am I the only one bullish here? that's right, ammo called it nuts.

If we can take out 907 have a shot at 918 today, utlimate move would be to 935, not trading the cow for the magic beans on that happening though.
 
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