ES Journal Archive (2009 - 2010)

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Quote from David M:

short term wise...

1. bears will bring it down to the decending channel

or

2. quick run up 207 and than over R1.
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already broke out of the channel


1206 -1207


then a drop to around 1203


then a run to 1210-1211 on the IHS pattern
 
R1 is still a bit high from point of overbought situation."THEY" can reach it but not stay above. It will be possible just at the EOD.
I thin we will grind somewhere here may be with strong finish.
 
Quote from volente_00:

already broke out of the channel


1206 -1207


then a drop to around 1203


then a run to 1210-1211 on the IHS pattern
More...

well 206 would be the breakout.... and next 5 min candles close above 204.75 would invalidate the channel totally.
 
I'd like a hit of 210, 211 to mark a double top intraday, followed by a rapid correction, would support the lack of strength to take out R1
 
when in doubt.. at the apex of a triangle.. when bouncing support... when hitting resistance..

IT ALWAYS GOES UP

*i am a huge bear, only making short trades and winning for the past 6 months but im seriously considering throwing in the towel:eek:
 
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