ES Journal Archive (2009 - 2010)

david666 · Feb 4, 2009

Quote from swing-scalper:

David666,

What's your stop when you initiated the short at 849?

51.5, 51 actually would be the point were I knew I was wrong. A lot of things added up on that chart.

jmoo · Feb 4, 2009

836 short

wave · Feb 4, 2009

836 is support, holds then we go back to 848, not then 823.

wave · Feb 4, 2009

23.75 low for today.

Lawrence Chan · Feb 4, 2009

Gap filled

can't help.

Now the next target is the 30-min HS neckline ... at 807, may not be today, but in play already.

wave · Feb 4, 2009

The spread is getting tight, a pop is coming.

Pekelo · Feb 4, 2009

Quote from Pekelo:

Since the height was 70 points and the failure can occur AROUND half of that from the 2nd bottom, that would be 812+35= 847 on the cash. Let's give it 5-5 points in both ways, that gives us a 842-52 failure zone on the cash.

The cash high was 851.85, thus we never broke out to the upside. But we did break out to the downside, currently 833. If this falling keeps going the math goes like this:

852-70= 782 projected 3rd bottom on the daily

david666 · Feb 4, 2009

Quote from Get In Get Out:

double bottom at 837.75...might be a powerful bull upswing into close....stop at 835....

Looks. Like they eating your long alive haha

tbone4 · Feb 4, 2009

wave, great call man. long since monday and was going to try to hold til the close, but you opened my eyes and i flipped. still trying to figure out what you see, but all i can say is awesome!

Lawrence Chan · Feb 4, 2009

Quote from wave:

The spread is getting tight, a pop is coming.

28 is the target zone for many models that track previous day VWAP.