ES Journal Archive (2006 - 2008)

A silly question: is there a direct correlation between DAX and the SPOOZ?

 

lol,... the US markets lead, watch for massive short covering.

US markets drop when US banks want them to.

 

failed right at 1437... now flat

light trading today most likely

 

the stars aren't lined up for what the market wants to do...

not today

 

B1S2, I probably should have posted the chart to show you what I was seeing:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1687248 width=800>

In addition to the bullinh divergence indicated, the decline predicted by the big H&S top looks like it has been satisfied (head to neckline = neckline to bottom).

Click on link below for full-size chart.

 

Long from 1427.50, small, close stop.

 

Out at 1429.75 for +2.25. Just couldn't seem to break out of pennant yet.

 

scalpers market today so far...

barely positive on the day... probably going to close up shop if we dont get a breakout within the next few hours..

no point in risking $

 

Possible Wyckoff spring to the upside here?

 

Covered my yesterday's position @ 2350