ES Journal Archive (2009 - 2010)

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Quote from volente_00:

r10 area


getting close to the cash gap fill as well

Open at that area or lower may also imply a runaway gap with a 2-day island left behind.

Need to see the open first.
 
Quote from Lawrence Chan:

Open at that area or lower may also imply a runaway gap with a 2-day island left behind.

Need to see the open first.

LC, Care to elaborate on that thought? Some of us are a little slow.
 
Quote from emg:

the market may go back to 1168s

If that happens, my previously 4 pt winner will stop out near b/e and I will go back to 1968 and continue to smoke POT :cool:
 
Quote from Eko_Trader:

LC, Care to elaborate on that thought? Some of us are a little slow.

1. Mon + Tue daily level tight range - breakout mode.

2. Gap + previous week close at 63.5 - magnet.

3. 50% previous week at 62 - magnet.

Open at 62-63 => range breakout downside

S1 + previous day low at 64 - 65 may turn into resistance

Leaving behind Mon + Tue as island.

Once mkt trade back into 66-67 range, this selloff potential is gone.
 
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