ES Journal Archive (2011)

anyone paying attention....http://www.elitetrader.com/vb/attachment.php?s=&postid=3266114

 

1216-1213?

or

1116 - 1113?

 

Its a serious question. You have noted 1216-1213 in and around the 1116 - 1113. Maybe its going over my head.

 

Get up and leave for lunch and it crashed. Thats what I get for trying to get a longer time-frame trade in. Could have sworn it wouldn't go below 19. But, then again I am just a newbie.

 

I dont know what his chart means either but surely we aint gonna see 1213-1216 any time soon! lol

Besides, Ammo is always bearish, so i'd assume he's looking at lower targets.

 

Actually I appreciate his charts. I went back and it was posted before. I think its falling off the ledge after the cleavage (Ammo's word) if I got it right after the ledge is hit around 1113-1116. But, I am still not sure.

 

Ammo, I used your chart for this call as support.

Thanks for posting these charts and your analysis.

 

On the ledge and the fall is steep. I'm a little slow, but I eventually get it.

 

was a typo JSH,..note the cleavage,nip ledge areas on chart,,,if we are near one of those heading in that direction,chances are it will touch,usually a stop or stall,sometimes a reverse sometimes continues thru,based on momentum,wider the nip in relation to rest of chart,better chance of a reverse,temporary or large,depends on the rest of the markets

 

Ammo, I appreciate your comments. New chart and commentary very informative.