ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

1. 10 am form a low - checked
2. 10:30 form a high - checked

3. As long as 11 to 11:30 make a low and then rally from there to a higher high by 12:30, you have ADU.
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The only thing I do not understand is why they are holding up the mkt at 887-888 ...

666 -> 777 -> 888 ???

The possibility of ADU and that by now we have only 10 pt range make me cautiously bearish, instead of very bearish :)
 
Quote from Lawrence Chan:

1. 10 am form a low - checked
2. 10:30 form a high - checked

3. As long as 11 to 11:30 make a low and then rally from there to a higher high by 12:30, you have ADU.
More...

I guess if you disregard the 150 pt DJIA decline?

I'm looking at my notes from Pekelo's ADU (ALL DAY UP?) page and seeing,

"DJIA gains more than 50pts in first 10min, if up 70-80 points by 9:45 good chance for ADU, another top around 10:00am,
then a pullback" (of only a portion of the gains, -what gains, today?)

"with a low +/- 10 min of 11:00am" -OK I guess this price action sort-of unfolded.


"then another top in the 12-12:30 time frame followed by another retracement (Px moving lower) between 1 and 2pm.

"HOD usually 3:30-3:45"

L.C., seems more like an SDD, although nothing is perfect.

Can ya help me out here?
 
Quote from ammo:

he said all day up, but i think he meant all day down
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I understand.
there have been too many times in my life when I've BOT BOT BOT when I really should have SOLD SOLD SOLD.
:eek:
 
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