ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:Could be melt up day in the making if previous day high not breaking here. [/B]
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If I understand correctly you're saying we'll be exploding upwards if we're not breaking the previous day high, which is at 895.75 (friday 10:45-ish)? :confused:
 
Quote from Lawrence Chan:

I posted early last week that we should touch down at 75 by friday.

ES never made it there and stopped 2 pts above. ES gaps seldom hold up this well.

Something big is in the making as such price actions will coil up even more tension that is stored into the current price level. Any spring out of this area should be very explosive.
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You were right about the coil. It was helped inadvertently by the India election and 17% rise is prices. Got stopped out of ES overnight, but still short term bearish. Looks elusive for the moment.
 
Quote from Decel:

If I understand correctly you're saying we'll be exploding upwards if we're not breaking the previous day high, which is at 895.75 (friday 10:45-ish)? :confused:
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Break below.

Edit: Nothing confusing. When a price is taken out, it acts as support. That's what happened so far.
 
Just dropping in to see what you guys doing, and I see:

Sal, the strongest bear is now giving up?

The, it's time to short...this is a top.

Short from 897 to 920 all the way
Hold for a 120 point profit
 
Quote from Jahajee:

Just dropping in to see what you guys doing, and I see:

Sal, the strongest bear is now giving up?

The, it's time to short...this is a top.

Short from 897 to 920 all the way
Hold for a 120 point profit
More...
No no, I'm a vulture and I've been long since this morning. :D

FYI I'll be shorting once we hit 903.
 
Quote from Jahajee:

Just dropping in to see what you guys doing, and I see:

Sal, the strongest bear is now giving up?

The, it's time to short...this is a top.

Short from 897 to 920 all the way
Hold for a 120 point profit
More...

Nice to see you again.

2 things have to happen for a confirmed short based on exhaustion and divergence in lower time frames -

1. a fast and crazy break of 10+ pts
2. break below R1 at 93.25
 
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