ES Journal Archive (2006 - 2008)

fully expected from pattern recognition and probabilities implied.. at these levels.

out unit 2 at 42.

 

Call me crazy but adding more at 43.

 

your tax money at work... aint it wonderful..

 

I was looking at this all morning.. was just a bit early on the first long... the right shoulder is in process of possibly developing.

 

Next resistance zone is 48.50.

 

I think they are done accumulating All one well planned out accumulation campaign.

 

allright you did it... out at 48.. unit 3..

flat.

 

Well, in that case the head should retrace up to 60 (neckline) and then come back down again to form the RS.

 

Guess that answered my question.

 

that or up to the 78% retrace of last swing and then test the zone. which was the exact high at 1449. I never use necklines.. thats where I take profits most of the time. I use the shoulders to confirm zones to look for low risk entry to hold on a larger timeframe.