ES Journal Archive (2009 - 2010)

[startraitor]

flipping short 28-29, stop over 31,

 

[Jahajee]

Quote from Jahajee:

bot 2 @ 819.5

closed 2 @ 829.25

 

[Jahajee]

Quote from Jahajee:

bot 3 @ 824

closed 3 @ 829.5

 

[Lawrence Chan]

RTH S1 breached.

Going to PP is not a given. Must build a base to take out previous day low in the 33 area .

 

[jmoo]

small short here 832

 

[startraitor]

32.25 needs to hold or runaway time.

 

[ammo]

Quote from ammo:

l 26,ooffer 30 for reverse,filled sh 30 ,26 bid

out 31

 

[Pekelo]

This is going to be the giant cup/bowl pattern. We had this twice a month or so ago. We just reached the edge of the cup, so we gonna drop back from here then form the cupholder part...

(Now 11th and 14th)

Also the power of the 2nd gap rule...

 

[startraitor]

stopped out, shorting again 33.50-35, stops over 38.

 

[smilingsynic]

Quote from Lawrence Chan:



Going to PP is not a given. Must build a base to take out previous day low in the 33 area .

I'd second that. If the previous day's low becomes support, the pivot point is the next stop on the resistance train. If the PP resistance attracts additional buyers, thereby becoming support, then the previous day's high is the next stop.