ES Journal Archive (2009 - 2010)

[saliva]

Quote from vertigo3:

this more like a second day in a row SDD, which can see an afternoon upside leg

Nah, join the bears.

 

[Pekelo]

Quote from Lawrence Chan:


Isn't that ADU, Pek? Since we never get a 100+ pt drop in the first place to qualify for SDD

It is really the direction, not by how much what determines the pattern. Since we failed at the upside breakout, down we went right around 2 pm...

 

[saliva]

Quote from saliva:

Congratz y'all bears! If we can pounce the 70 level, maybe we can end the day at or near 855.

Carpe diem!

Now that 870 is taken out, 855 should be the next support. Seize the moment, boys!

 

[Lawrence Chan]

Quote from Pekelo:

It is really the direction, not by how much what determines the pattern. Since we failed at the upside breakout, down we went right around 2 pm...

Got it now. I tested your SDD as you described in the other thread. Seems to me the initial drop was an important criteria.

 

[Lawrence Chan]

Quote from saliva:

Now that 870 is taken out, 855 should be the next support. Seize the moment, boys!

Today, there is absolutely no panic in the tick index at all.

Drop to new low does not result in extreme selling - people are buying all the dips so far!

 

[startraitor]

Looks like time to get long 65-67.

 

[ammo]

dec congestion ,64-67.....edit.... lows and cleavage below at 53 if 63 doesnt hold

 

[rock34748]

Quote from Lawrence Chan:

Today, there is absolutely no panic in the tick index at all.

Drop to new low does not result in extreme selling - people are buying all the dips so far!

Yea me...
L 64
T 69+
S 61.75

 

[ammo]

11/5 and 12/16-17-18 highs on daily bring in supp line at 63,little early in day to be reaching it and bouncing ,and very little reaction if shorts are looking to cover at daily tl as supp

 

[wave]

Now for setup for a final stab in the heart.