ES Journal Archive (2009 - 2010)

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I think this triangle breakdown signals the end for this rally. The 3 tops also had huge RSI divergences...

2r4h8p3.png


(10days/hourly chart)

Perfectly symmetric Head and Shoulders on the daily:

mimgll.png


Finally we broke below the SMA too...
 
Quote from Pekelo:

I think this triangle breakdown signals the end for this rally. The 3 tops also had huge RSI divergences...

2r4h8p3.png


(10days/hourly chart)
More...

Not to mention the big H&S formation. Neckline in the 922-927 zone which is also the 05/08 top. All eyes on this zone.
 
I play and have played several false breakouts of the above triangles as the statistics support an even more explosive breakout topside.

If that materializes (especially with the spin capablity of the guv), we could easily pound out 1000 in a few days/weeks.

I'm a bear....but trade what I see.
 
This is just getting under way. I see easy 50-100 points to the downside. By next week, no bull will remain standing.

Nevertheless, we will most likely retest 940 for the time being. I suggest that you take ure money and run. Seriously. :)
 
Quote from saliva:

This is just getting under way. I see easy 50-100 points to the downside. By next week, no bull will remain standing.

Nevertheless, we will most likely retest 940 for the time being. I suggest that you take ure money and run. Seriously. :)
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Remember Sal, its rigged to the upside, just buy the dips!!!

:p
 
They should definitely pull the rug out now after the bloodbath in the bond market today. The big banks are recapitalized [read "nationalized"] and looking at Spec's trend line, it's just time.
 
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