ES Journal Archive (2009 - 2010)

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Market actually sets up nice. If u go short, u can put your stop above 1010 (IHS will be in play). If you're long, a nice stop can seat at 1006 (IHS may be broken). if you're flat, look of either side before making a play.
 
If you read aapl chart too which is 10% of qqqq, the conclusion is: the break out is imminent. You get a mother of all short cover with stop triggered at $40.

Quote from saliva:

APItrader, that looks more like a rangebound effed up market than an outright IHS, if that's what you're alluding to.
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Quote from saliva:

APItrader, that looks more like a rangebound effed up market than an outright IHS, if that's what you're alluding to.
More...
I agree with you 100%

One day a severe drop, the next day reaching for the skies ... all of the trending quality has gone out of this market, and it's beginning to look more like a rounding top in preperation for an eventual plunge more so than anything else.

I've been sitting on a Long @ 1007.75 for the last hour, and I figure the highest it's going to go is R1 @ 1014 (if that).
 
Quote from MandelbrotSet:

I agree with you 100%

One day a severe drop, the next day reaching for the skies ... all of the trending quality has gone out of this market, and it's beginning to look more like a rounding top in preperation for an eventual plunge more so than anything else.

I've been sitting on a Long @ 1007.75 for the last hour, and I figure the highest it's going to go is R1 @ 1014 (if that).
More...

I think it looks like a market in the early stages of a bearish broadening formation since the start of August. I don't think it is a continuation pattern.
 
Quote from Lawrence Chan:R1 tagged.
IHS breakout upside confirmed.
Now 08 - 09 if act as support, target 1018 - 1020
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What worries me is that NQ doesn't seem to want to break upwards :(
 
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