ES Journal Archive (2009 - 2010)

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Quote from startraitor:

Good, I was beginning to think you were taking the purtick approach.
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never. imo if someone opts for sponsorship in this or any forum, there is a code of conduct to be upheld out of respect to the site. I stepped below that today, and it will not happen again
 
1080 was 1st target from 1200 short, 850 is next if we don't hold lows here. If we break below 840s, ouch. Yeah economy is doing fine, right.
 
Quote from wave:

1080 was 1st target from 1200 short, 850 is next if we don't hold lows here. If we break below 840s, ouch. Yeah economy is doing fine, right.
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What happens if we do hold the lows?
 
109.50 is the first level on spy this is where the market reversed lower.
That said, the fund managers got to be shitting themselves down here. Obviously the low of the spike is in play hard to say if we will retrace the whole move.
 

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Quote from wave:

1080 was 1st target from 1200 short, 850 is next if we don't hold lows here. If we break below 840s, ouch. Yeah economy is doing fine, right.
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Wave, do you study Elliot Wave Theory/Gann Theory type stuff? I'm new to this forum so I don't know. Just curious why you speak of 850 as next stop within an if/then context?

I do not doubt that we will see 850 again, but we will see 1240 before 850, regardless if we break 5-6 lows.
 
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