ES Journal Archive (2006 - 2008)

Fell out of triangle and crossed TL

NQ 5m -- testing some concepts

 

last downside target of 68 now. Looks like it may be able to do it.

 

Yeap ... 5th time. 92.75 was the original gap top.

 

I dunno about "last", but should ES drop below 75, there will be some panic among the desperate bulls running amok.

 

It's just a rule of a range I use, happens to be 10 today, 88,78 and 68 are targets. Probabilities decrese beyond 3rd target on most day.

 

As I said, this market is "toast"!

 

The real test is here. The island formation top.

 

out 888


12-10-08 11:02 AM

891.75 short

 

Nah, that's a bridge to nowhere.

 

Another deja vu? Looking very similar to yesterday's price action at about this time.