ES Journal Archive (2011)

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Quote from ammo:

es mp,hns pattern,head to neck is 92 points,there is a theory that for hns to be valid it needs to retest the neck (34-37) after a breakthrough,before descending
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I can never see these things to save my life. Where's the head? Where's the neck? Where's the navel? It reminds me of constellations--Cassiopeia's ankle, see it?--or something
 
Quote from tortoise:

I can never see these things to save my life. Where's the head? Where's the neck? Where's the navel? It reminds me of constellations--Cassiopeia's ankle, see it?--or something
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Did you see the triangle I posted earlier? You see the head and shoulder there right? I find that triangles and head and shoulders often look similar.

Nice call on 06,75. The low of 14th of October or did you see something else? :)
 
Quote from mastacoli71:

Upside retracement target of 41.75 hit overnight. extension of 30 min wedge break down to 1211. Keep in mind daily wedge support around the 1226 level; if that breaks stops will be hit which could bring us down quickly to the 1211 target. Pointing out probabilities, nothing else. Based on this, I will not short 1225 weekly calls will consider 1210s.

Good luck to all today. Should be another roller coaster ride.
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Pullback to 1224-26 before next wave down to 1185-86. Plenty of support between here and there and options expiration tomorrow will probably keep market in check.

Upside if we break 1224-26, 1236.

At the end of the day who knows what will transpire just pointing out what I am seeing.
 
Quote from mastacoli71:

Upside retracement target of 41.75 hit overnight. extension of 30 min wedge break down to 1211. Keep in mind daily wedge support around the 1226 level; if that breaks stops will be hit which could bring us down quickly to the 1211 target. Pointing out probabilities, nothing else. Based on this, I will not short 1225 weekly calls will consider 1210s.

Good luck to all today. Should be another roller coaster ride.
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Mistake above on the 1225 weeklies. I meant to say will not short 1225 puts but instead look at 1210s. I got the 1210s today and carrying them into expiration (biting my nails).
 
So, what`s in store for tomorrow?

I`ve been looking at a lot of levels below tonight. Roughly 1200, 1195, 1190, 1185, 1180, 1170, 1166, 1/2 gap at 1161 and complete gap fill below at 1151. The resistance above from the current week is fairly obvious.

AH range lately have been around 20 points. Assuming the average range holds true and we trade lower from here the low should be around 1195.

If higher from here, the high should be around 1230.

The true AH high or low could and will probably be some place in between, but 30/95 should be the maximum expected high/low, yes? :)

Let`s see tomorrow. Mojitos now. :p
 
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