ES Journal Archive (2006 - 2008)

market forces turning to the upside, from oversold sentiment conditions.

 

Great call BoyBrutus, I hope you were in it to win it.

 

apex, nice to see you back. Do you expect a symmetrical head and shoulders on the YM with a double right shoulder? That would require a rally to fizzle out around the 13700 area.

 

It already did, Aug 6th and Friday, the same level with RSI divergence....

 

rule of 10 signal ~ 1470

 

S 1470.00
BS 1471.50 (1.5 points)
PT 1455.00 (15 points, close-the-gap)

Vol, do you think rule-of-10 will stop it at 1460?

 

I'd be leary of the gap under us.


Would I be buying if we fell 10 from there ?

Probably not, Im out half at 1464.5, stop at be on the rest.

 

My stop is also at b/e. The bulls are in fine fettle today.

 

watch 68, if they don't break it then we will fall

 

I'm watching 58 for multiple reasons.