ES Journal Archive (2009 - 2010)

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Quote from saliva:

Alright, I'm willing to wager that ES will hit not 845 but 745 within the next 10 trading days. Until then, ya take care and stay safe!

I'll be shorting just below 820 today. FWIW Crude in bearish continuation pattern on Daily.
 
Quote from volente_00:

TDAY BOYS WOULD SPANK THAT A$$ EVEN HARDER GIVEN THE CHANCE.

:D

Step on up Sal. those boyz got a prize for you on the ride to 45 tomorrow.

All depends on how strong 810-820 acting as support.

NQ has some more room to go, say lower at around 1200.

If a repeat of yesterday happens where ES effectively sits there waiting for NQ to finish its drop, then a strong bounce is definitely possible.
 
Quote from Pekelo:

I say we go below 810.....

Do you see what I see in the hourly/daily?

Looks like a dragon failure inside another dragon failure. The smaller one points to 810 or so. The bigger one, however, spells 770-780.
 
Nq held 50% of 1/20 lows and es off a db yesterday. Will not look to short at the lower levels until both are taken out decisively.

At the same time would not take either side of sals bet without some better odds, 2-1 and you are on sal.

Edit, just saw your number 745, will take that at even. Thought you were looking at low 800s.
 
L.C., anyone...

can some one please post a chart with these "dragon" formations. at least (if you can't post chart) describe where the important price points are.

These dragon formation escape me regularly. I have looked at the charts Pek has provided, to me, they judt look like swing failures.
 
Quote from vertigo3:

L.C., anyone...

can some one please post a chart with these "dragon" formations. at least (if you can't post chart) describe where the important price points are.

These dragon formation escape me regularly. I have looked at the charts Pek has provided, to me, they judt look like swing failures.

1. Double top dragon

a. first a swing high is made
b. a swing low is made
c. then a test of (a) and starts falling
d. in the midway down, a sudden stop and going up fast
e. the target point is d + (a - b)

2. double bottom dragon

- opposite of 1
 
fundamentals trump ta,the bailout is the only thing that can support this mrkt and they have quietly told them they are not bailing out the banks by not telling them,they tried it,they got ripped off,now they are toast,they cant afford to save everyone so they will let a bunch fail and then come in and save some..... spx needs to hlod 813 ,next supp 803-4 edit 1st supp is 815
 
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