ES Journal Archive (2006 - 2008)

Looks like we'll get another volatile day of up, down, up moves like last week.

 

908.50 is line in the sand on the upside, if broken new highs, new lows if 902 is taken out on the downside.

 

If one wasn't able to recognize the delayed ADU, he shouldn't be in the class!



1 hour delay time, otherwise perfect ADU...All I did was I cut off the first hour...

 

upside target of 921 if 908.50 taken out convincingly here.

 

890-900 region does not have enough sellers for a reason ... the risk/reward is not as good as something higher like 918-928 region.

Still no compelling reason to go short yet.

 

Just by looking at the volume on YM, seems way low compared to last week - wouldn't that mean weak buyers ?

(sorry I forget it's an ES thread)

 

short 909.50, stop 912.50, target 888, too good r/r to pass up.

 

Of course, even my unreliable crystal ball gave 918 as the HOD for today. The question is will it reverse course at that point? That remains to be seen. However, if we break above that, we could easily see 950 as the next target, and if we shoot through that we're off to the race to 1000 (well, so sez the crystal ball).

 

stopped, tried to make a stand but upside too strong.

 

Take the hint, bro: 918