ES Journal Archive (2006 - 2008)

sh 55, ledge at 53 ,looking for 49,50, possible 44, in mp terms, we have the top to the center of a boob with a ledge at 53-54,to round out the bottom we need to fill in from 54 to 49-50,there is a small ledge at 43 from yesterday so 44 would be a nice target,but at a minimum we will fill down to 49, add 54.5

 

I would say that 853 is key and it would be worth the risk to take a long for new Highs.

 

out 47 on half, 44.75 on balance

 

Busting right thru 848 and testing the upper channel. Disregard the annotation in the chart.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2204547" height="600" width="800">
Click to enlarge

 

exit 1/2 at 47 stop to be and target?, will take it down to 1 at 41 and let the last ride.

 

Look for a bounce at around 37-ish.

 

When tight range break out failed, the other side will be tested.

That implies 818 previous day low.

Key confirmation is the bounce to 850, if that happen at all, fail to go higher.

 

I have never been confused with an mp guy and rarely even look at histo but today looked like death valley, even an idiot like myself can see what is coming. Trust me, I am about as dumb as they come when it comes to book learning.

 

s 837 842 stop

 

What did I tell ya?!

The bears are fully awake now.