ES Journal Archive (2009 - 2010)

[ammo]

Quote from opt789:

W
The patterns are not always perfect, but they are there if you are looking for them.

opt, do you have a link explaining m and w patterns

 

[OTCkrak]

will close > 1140

 

[Eko_Trader]

Quote from volente_00:

spy



puts stacked 112-113


call magnet at 120


I'll lay a early guess down spy goes 112-113 to 119-120 and then back to 114-115

Thanks, man

 

[Eko_Trader]

Quote from jorgez:

Here is another "topping" signal at 41.50

I'm getting similar signals, but due to the lack of follow through, I can't play those signals.

 

[wave]

We are going higher.

 

[opt789]

Quote from ammo:

opt, do you have a link explaining m and w patterns

It looks like a W so that is how I noted it, but I view them as simple double bottom patterns. I like to keep things simple, the market told us a few months ago that 1080 was support, and now that area is 1127. If we get a confirmed break of that (as apposed to the quick head fake premarket today) then you have to be on the lookout for a bigger pullback. I saw the first two W patterns and when we bounced off the 1127 again it seemed a low risk trade since you know where to get out.

 

[OTCkrak]

any election risk today? "early poll results"

 

[ammo]

Quote from opt789:

It looks like a W so that is how I noted it, but I view them as simple double bottom patterns. I like to keep things simple, the market told us a few months ago that 1080 was support, and now that area is 1127. If we get a confirmed break of that (as apposed to the quick head fake premarket today) then you have to be on the lookout for a bigger pullback. I saw the first two W patterns and when we bounced off the 1127 again it seemed a low risk trade since you know where to get out.

thanks, there is some sort of retacement rule off of final pattern, 38 % holds, we go higher(maybe, can't remember the rules), someone on elliot wave thread on et posted it awhile back ( 1 year maybe?) haven't found any sites explaining it

 

[ASusilovic]

Has there been a sell-off at all, lately ?

 

[Lawrence Chan]

Quote from ASusilovic:

Has there been a sell-off at all, lately ?

op ex did the mark down.

post op ex mark it back up.

normal.