ES Journal Archive (2006 - 2008)

Is that Spectre being cited in a book review in today's WSJ, Page D10?

Or am I confused? (Easily done. )

JB

 

Stop run first.

 

Expecting 1453 on the downside.

 

Not at the moment. The level I posted for failure was the 50% retracment off the last high to low. Bears are scared because of the reeming they got last friday.

 

Volente, I don't think scared is an appropriate word here, ImO they are just waiting out pattern to mature, could they be loading up with more shorts here?

 

2 gaps are under us now, but i suspect we make a run to 1480 before the selling picks up.

 

back after being out all day...seems the 5 point increments are where it`s at on our walk up to 80 +....my 59.75 & 64.75 sells today were covered at 55.25 & 56.25 as i`ll await more to higher prices.....nice ebb/flow for bulls & bears here & there is plenty of time for their walk up to fomc as i expect them to take their time with it.

edit: 15 min wedge tells the story.....with sharp tails off the 15min TL & looking for higher hi....probably on a gap.

i placed resting buy limits down lo to where i believed the TL would be in conjunction with the nearest 5 increment & where the buyers would step in.....i`ll be looking to do this all the way up to the top of 15 min channel with small size....fwiw

 

looks like a run to R2.

 

curious, why do you think there will not be a down move before the fed meeting, which is nearly a month away?

 

Thank you for the observation.