ES Journal Archive (2009 - 2010)

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Quote from iloveoptions:

Quite oversold for the day. Long 756.75, I'll be adding to the position down to 748 stop- the abyss, target 770.25.
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Added equal position at 748.5 . New target is 758.5
 
Jan 15th was a cup pattern, just like Friday and the next day was a giant V reversal.

So because it does look like half of a V so far, I say we get a giant reversal again....(and the bottom is just in)
 
Quote from Pekelo:

Jan 15th was a cup pattern, just like Friday and the next day was a giant V reversal.

So because it does look like half of a V so far, I say we get a giant reversal again....(and the bottom is just in)
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NQ tested its current yearly low, filled gap. A strong bounce is expected at least for a day or two, isn't it?
 
Quote from Pekelo:

Jan 15th was a cup pattern, just like Friday and the next day was a giant V reversal.

So because it does look like half of a V so far, I say we get a giant reversal again....(and the bottom is just in)
More...

Interesting comparison.

On 01/16/09, the market only broke one pivot and was able to reverse to great degree.

Today, the market broke two pivot pointss without much trouble. Today's bounce is unlikely to become a V-reversal. 763 should be a strong resistance for any bounce, IMO
 
Quote from ammo:

long 49.50, trans 1/17 /08and 11/21 / 08 lows on a weekly bring tl supp at 2610
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,ou t 52.50 ,tick and uvol /dvol not improving with bounce
 
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