ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

1. Mon + Tue daily level tight range - breakout mode.

2. Gap + previous week close at 63.5 - magnet.

3. 50% previous week at 62 - magnet.

Open at 62-63 => range breakout downside

S1 + previous day low at 64 - 65 may turn into resistance

Leaving behind Mon + Tue as island.

Once mkt trade back into 66-67 range, this selloff potential is gone.


Ok, got you. Thanks for the insight. Appreciate it.
 
As usual...a flurry of activity from all the "experts" that missed the move, and that are incapable of shorting a market that is declining...

I think I'll.join jorgez for mojitos on the beach and pondering the meaning of my miserable existence.

F... Out
 
Quote from F112358:

As usual...a flurry of activity from all the "experts" that missed the move, and that are incapable of shorting a market that is declining...

exactly
 
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