S/R Emini Journal

CaptainObvious · Oct 12, 2006

Of course a smart guy just would have stayed long and paid less commissions. Leave it to me to see the negative.

Gotta run fellas.....good hunting!

Bearbelly · Oct 12, 2006

You shorted that swing high at the high tick? You must be psychic.
My charts show the high occured at 11979. Wonder why our charts are different?

DonKee · Oct 12, 2006

Quote from volente_00:

As 10:30 looms, will the bulls have the juice to take it higher or will they become victims of the famous reversal ?

Not that I really care, but aren't you the guy who said he would stop posting if the SP hit 1360?

K-Rock · Oct 12, 2006

Good call!!!

Quote from apex82:

Expecting a big trendy move tomorrow, especially in the er2. Hold on to your runners for bigger profits. Do not try to call a bottom or top tomorrow.. you will be runover. These days only happen about 4 to 7 times a month and cut through SR levels. Trade with the move and thank me later for this info.

Jander · Oct 12, 2006

I second that....why didnt I read that before I tried scalping today

brightstone · Oct 12, 2006

Looks like I missed a good run this AM. Back for the finish, how long we going to consolidate at this top?

Jander · Oct 12, 2006

im thinking another upmove in about 10 minutes

apex82 · Oct 12, 2006

Im fully short at 755.50-756.50 stop at 758.50 looking for first pft at 748 then holding onto runners, breakeven stop going for a homerun. I dont usually call tops but I have been waiting for this about 2 months. If I am wrong, I have defined risk and will go long when a setup seems fit. I predicted this as climatic top but vol and PA is very odd today. If report is perceived as bearish, look out below.

TinGull · Oct 12, 2006

Quote from apex82:

Im fully short at 755.50-756.50 stop at 758.50 looking for first pft at 748 then holding onto runners, breakeven stop going for a homerun. I dont usually call tops but I have been waiting for this about 2 months. If I am wrong, I have defined risk and will go long when a setup seems fit. I predicted this as climatic top but vol and PA is very odd today. If report is perceived as bearish, look out below.

Hi there,

When you say "Ive been waiting for this for about 2 months"... what is it that you were waiting for that you're now seeing?

Thanks!!!

romik · Oct 12, 2006

Quote from apex82:

Expecting a big trendy move tomorrow, especially in the er2. Hold on to your runners for bigger profits. Do not try to call a bottom or top tomorrow.. you will be runover. These days only happen about 4 to 7 times a month and cut through SR levels. Trade with the move and thank me later for this info.

Quote from 4re:

Depends on who you are asking. I started seeing this up trend quite a while ago and even posted it on here. But this next move I am seeing with the tightening of the Bollinger Bands. Right now they are tighter than at anytime in this trend which tells me we are in for a big move. BB's won't tell you which direction the move will be though so you have to use your own charting skills to do that. I see strength in the market right now so I think it will move up fairly strong.

Good luck today,

Gary

Quote from romik:

...tomorrow or Friday we should see some nice range to the upside, I am planning on playing the long side when this happens and adding to the short around 1370 mark.