ES Journal Archive (2009 - 2010)

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No, 12:30 to 1:30 for a low, we already got it. I think we have a good chance of melting down just about now. Presence of descending triangle too...

We have been running 30 minutes ahead of the timeline so this is 2 pm according to the adjusted timeline...

Edit: Looks like breaking out of the triangle in the WRONG direction... :confused:
 
Quote from Lawrence Chan:

Continuous buying by small sizes in underlying components.

And offers are pulled to accommodate that - priceless!

So are we heading down big?
 
Quote from wohc:

So are we heading down big?

Don't know.

Someone is trying to stop 8000 from holding for sure.

Is that allowed? We will see.

Edit: The proper way to say this is that someone maybe forced to unload at Dow 8000 level at the moment. :)
 
Quote from Lawrence Chan:

Don't know.

Someone is trying to stop 8000 from holding for sure.

Is that allowed? We will see.

Edit: The proper way to say this is that someone maybe forced to unload at Dow 8000 level at the moment. :)

156th attempt of bulls to take out 828.75.
 
Well, that triangle sure fooled me. Anyway...

Quote from Pekelo:

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),

Looks like we want to touch the SMA first, about 4-5 points left. The SMA has come lower, it is now around 835 for the ES...

Can you smell what the dragon is cooking?

breakfastdragon.jpg
 
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