ES Journal Archive (2006 - 2008)

nov '94,jun'02 and mar '03 lows in spy on the monthly brought in a support line near 100.60 which we touched and rejected so any rally from here for end of year will have to break that, 1929 chart had same scenario,touched and went to make much lower lows, we didnt have world bank intervention in '29-'32

 

IHS ?




I see a H&S

 

Failed to form the right shoulder not long ago ...

 

Those T day boys had other ideas.

 

11-05-08 02:54 PM

11-05-08 07:43 AM

Short 20 @ 988.75

Initial buy stop @ 1005.75
Buy stop lowered to 991.25
Buy stop lowered to 960.00

 

shorting 38 to 40.35, looking for 29-, stops above 42.

 

i like that 960 stop. should be able to lower it again today by the close to about 930 or 940.

 

http://cartadiem.com/charts/08-08/E-Nov06-07.png

 

nice short. i think you will get your target on this one today.
hopefully by noon.

 

It seems to be in the noise to me as there is a high probability we can go to 60-62 sometime today on a 10:30 reversal off the ihs