ES Journal Archive (2009 - 2010)

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I agree. A bit above 1020 are: 1./ 200 period EMA on daily 2./ 20 period EMA on weekly. After yesterdays fall at the days end (=lack of enthusiasm bid higher) - when stopped us 20 period EMA on daily - it seems to me inevitable that we will test both of them (minimal downside target). When - thats another question. I will say few tight range days slowly grinding up before red candle but timing is my notorious problem.
 
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According to the daily NQ, it is working through a nice reversal pattern. Will take a few days, prob next week to conclude. Failure on the right shoulder, it will be not very nice, then last hope for bulls will be double bottom or slight trap of head. The chart has already evolved into a real pattern for the reversal to occur.
 
Quote from codliver:

According to the daily NQ, it is working through a nice reversal pattern. Will take a few days, prob next week to conclude. Failure on the right shoulder, it will be not very nice, then last hope for bulls will be double bottom or slight trap of head. The chart has already evolved into a real pattern for the reversal to occur.
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a fantastic piece of charting analysis ..... keep up the excellent work ... it never ceases to amaze me the ability people have to see patterns in charts .... I will never be able to do that
 
Quote from codliver:

According to the daily NQ, it is working through a nice reversal pattern. Will take a few days, prob next week to conclude. Failure on the right shoulder, it will be not very nice, then last hope for bulls will be double bottom or slight trap of head. The chart has already evolved into a real pattern for the reversal to occur.
More...
mind posting a chart ?, thanks
 
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