Db's Daily Dispatch

Discussion in 'Index Futures' started by dbphoenix, May 28, 2004.

  1. dbphoenix

    dbphoenix

    Coming up against SLs and SPs from April. Maybe not today, but soon. Be aware of them. Just zoom out to include April and you'll see what I'm referring to.
     
  2. dbphoenix

    dbphoenix

    And don't forget all the biggie reports due out this morning.
     
  3. dbphoenix

    dbphoenix

    A line drawn across the SPs from noon and 1500 yesterday seem to be acting as some sort of pivot.
     
  4. dbphoenix

    dbphoenix

    Ditto the bottoms of those swings, 1458 and 1118 respectively.
     
  5. dbphoenix

    dbphoenix

    A potential hinge on the daily, with the emphasis on the potential:

    http://www.elitetrader.com/vb/showthread.php?s=&postid=511606#post511606

    The bulls aren't doing their part given the limp-wristed movements of the last three days. Volume is not encouraging and we're near the supply line. Given the gap down toward the PDL, look for -- but don't depend on -- R at the PDH. though we may also be looking at a gap trap.

    And don't forget the ISM at 1000.
     
  6. dbphoenix

    dbphoenix

    I should also point out the congestion at 1465 and 1120. This is what "pivot" is all about (just zoom out a couple of days).
     
  7. dbphoenix

    dbphoenix

    Be aware of these bozos.
     
  8. dbphoenix

    dbphoenix

    NQ wants to go play. ES wants to stay home.

    Nag, nag, nag.
     
  9. dbphoenix

    dbphoenix

    Apparently we liked the ISM, but we bumped our heads. What happens to the trendline?
     
  10. dbphoenix

    dbphoenix

    Trendline's starting to complain about how heavy price is.

    Whine, whine, whine.
     
    #10     Jun 1, 2004