The NQ IHS is inside a bigger HS ... thus it is a fighting zone where break out play should work best.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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25.50 needs to hold on es for shorts, break of 20.50 should take out the overnight lows.
I tend to agree with this:
There is a possible dragon failure brewing on the daily chart. If today we make it up to 840 cash (ES 837) and stall and bounce back from there (SMA line), that is almost halfway of the W bottom's height of 70 points, so the drop from there would take us down to 780 and below:
There is a possible dragon failure brewing on the daily chart. If today we make it up to 840 cash (ES 837) and stall and bounce back from there (SMA line), that is almost halfway of the W bottom's height of 70 points, so the drop from there would take us down to 780 and below:
Quote from Buy1Sell2:
I will keep the 30 contracts short here with the same stop at 1075. I don't believe the market will bottom until summer 2010 at the earliest. Perhaps, it will actually be summer 2011. In any event, I remain short here, demonstrating a wide stop in an oversold market.
I'm sure that you have mentioned it before, but where are you short from?
32 to 38 is sell zone for the day ...
If we move up there early in the morning, then it is very hard to imagine we do not get a trend buy day as a result
Still have an interesting level at 28 that existed and confirmed in overnight. Premarket could be a shakeout before going down.
I'm looking to buy 1190-1191 on NQ with a 2-3 point stop, target 15+ points... good support, and pullback to that area would coincide with an ES gapfill most likely.
zone cut through like a knife through butter... 82-83 next.
zone cut through like a knife through butter... 82-83 next.
For those interested in astrology/cycle stuff, today around 6 am ET was the actual Chinese new year.
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