Buying dips.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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I would like to see some nasty action like in good old pit trading sessions. We should go lower take the stops out and move higher again. If you ask me : ideal set up ! 
New home sales for the gap fill
Here's the chance for the bears
move to 82-83 then back to 94-95 for the right shoulder before the drop to 870 or 800 eventually ????
http://finance.yahoo.com/q/bc?s=^GSPC&t=5d
move to 82-83 then back to 94-95 for the right shoulder before the drop to 870 or 800 eventually ????
http://finance.yahoo.com/q/bc?s=^GSPC&t=5d
Buying hand over fist
NQ and ES daily are showing completely different setup today.
ES bearish pointing to 850 or lower.
NQ holding up fine relative to its melt up and sitting above its 20 SMA.
What a mess again.
ES bearish pointing to 850 or lower.
NQ holding up fine relative to its melt up and sitting above its 20 SMA.
What a mess again.
Just for the record, it went in your favour in the last few days by 30+, 20+ and this morning by 10+ points.
I think chances are that it will turn against you now...
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That dragon failure I refered to a week ago didn't happen, we went through 900 like butter down to below 880....
There is actually one on it although I am not sure we talk about the same, but if so, good eyes!
1st bottom: ~745
2nd bottom: ~800 (quite a big difference, but nothing is perfect)
Failure: at 875 (at the SMA line)
Height is ~200 pts
The 3rd bottom came at 666 which is pretty much the same as the predicted!!! (875-200)
I missed it but I don't look at weekly charts very often. But just like last year, the dragon pattern correctly predicted the bottom for the year....
Edit: Sorry, I had to edit the post a few times because it was hard to read the prices...
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