ES Journal Archive (2009 - 2010)

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Quote from Pekelo:

Should I jinx it? Hell, the Dude looks like a Failure:

15mikh3.png


It occured 6.5 points from the 2nd top, which is almost exactly half of the Height's 14 pts...
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Maybe but since 1098.50 is a failure of 1099.00 we could be confirming a short term top. The range of 198.50 & 1091.25 is critical.

2dgjonb.png
 
The rule is that once the Failure happened, it shouldn't be breached again. The exact point of the Failure was 1094.75 cash and 2.5 hours later that is exactly where we bounced up, currently 3 pts above that.

So the dragon formation is still intact....
 
Quote from Pekelo:

The rule is that once the Failure happened, it shouldn't be breached again. The exact point of the Failure was 1094.75 cash and 2.5 hours later that is exactly where we bounced up, currently 3 pts above that.

So the dragon formation is still intact....
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Are are seeing the same thing I imagine. I simply see it as short term Futures consolidation now between the range of 1091.25 and 1098.50. Micro consolidation range of 1095.50 and 1091.25 and the longer term Futures range is 1098.50 and 1080.75. The critical point I am watching though is that 1098.50 is a failure of 1099.00. 1099.00 must be breached for the market to continue rampage.
 
Quote from Pekelo:

The rule is that once the Failure happened, it shouldn't be breached again. The exact point of the Failure was 1094.75 cash and 2.5 hours later that is exactly where we bounced up, currently 3 pts above that.

So the dragon formation is still intact....
More...

Spike and ledge as long as ES 96 is not breached.

Close at day low is possible once the 50% RTH area is taken out.

If 96 is taken out, DB target 1100. =)
 
Quote from Lawrence Chan:

Spike and ledge as long as ES 96 is not breached.

Close at day low is possible once the 50% RTH area is taken out.

If 96 is taken out, DB target 1100. =)
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Isn't that simple? =)
 
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