The ER2 Trading Journal

One of my systems is giving me a turning point signal on a multiday time frame. Do you guys think they will allow it to turn down? I expect pretty low volume tomorrow but it might be interesting anyway.
 
Quote from K.C.:

One of my systems is giving me a turning point signal on a multiday time frame. Do you guys think they will allow it to turn down? I expect pretty low volume tomorrow but it might be interesting anyway.
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is it open tomorrow?
 
yes, looks like globex open for equities until 11:30 am EST tomorrow and will re-open at the normal 6:00 pm for the overnight session.
YM is closed until the night session tomorrow. Probably quiet until Friday AM -- we will see if er2 has hit the wall on this run -- it didn't trade well today, imo.
 
Quote from K.C.:

One of my systems is giving me a turning point signal on a multiday time frame. Do you guys think they will allow it to turn down? I expect pretty low volume tomorrow but it might be interesting anyway.
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I am sorry, I meant Friday, not tomorrow.
 
What indicator do you use?

This is what I have:

(1) It is trading near the top of the recent uptrend channel, trading at the resistence levels. But seems to me it could go to 690-700 to hit the channel line, but definitely need a strong bull to do so.

(2) Triple top.

(3) CCI is at 200 (CCI extreme hook, sell signal). Broke the uptrend line on the CCI slope (sell signal).

http://www.tinypic.com/view/?pic=hrlts1
 

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Aroon indicator: Bulls are taking some profit, but bears are not stepping up. Wait until the RED line (bears) hits the bottom and start to move up over 30%, green line (bulls) moves below 70% level, then a big pullback would be in making. MA dervatives are hitting the overbought level. 669.6 is the target to get back in if there is a dip.

http://tinypic.com/view/?pic=hrn47l
 

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