ES Journal Archive (2009 - 2010)

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Quote from saliva:

There should be a support near 853.

Right shoulder? H&S? Sorry, but I don't see it. Care to post a chart?
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no, I meant 853 support to build out the right shoulder.
 
Quote from Lawrence Chan:

Bears are having a hard time to take the mkt lower.

Certain tricks must be used to scare the bulls away.

Or, force them to puke their positions unexpectedly :)

Edit: Check with Vol on H&S ... somehow his target area matched the chart pattern I see, not comfortable with that. :D
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That's what is so screwey about this market and I'm the one who wants to go all out puking. Everything used to line up quite well according to S/R. At the very least, even if you missed it at the time, it became clear in hindsight. Nothing makes sense any more. For example, why did we turn at 59, other than the fact that it was yesterday's low? There's no previous support, nor is there a prominent trendline. That's like middle of nowhere!
 
Quote from saliva:

That's what is so screwey about this market and I'm the one who wants to go all out puking. Everything used to line up quite well according to S/R. At the very least, even if you missed it at the time, it became clear in hindsight. Nothing makes sense any more. For example, why did we turn at 59, other than the fact that it was yesterday's low? There's no previous support, nor is there a prominent trendline. That's like middle of nowhere!
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No need to be pissed ... adapt to the environment a bit will do.

Only work with the major S/R will save you a lot of pain.
 
Quote from HooLee:

875 is the key now.
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There should be another minor selloff before pushing higher. The lower channel line we broke through yesterday lies near 980. I would think there will be a fortress of bears ready to pounce at that level.
 
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