Puyying in a short term bottom today 08-08-08

Discussion in 'Index Futures' started by Aaron Copland, Aug 8, 2008.

  1. Yep next week in option exp, we have a weekly divergence and we are working on the voulme yesterday and today with the huge swings.

    Just watch, we will break resistance on the daily @1290 next week and will make a multi month rally.
     
    • es.jpg
      File size:
      161.2 KB
      Views:
      51
  2. Mark my words, we will break resistance and zig zag higher. I am telling you now before it happens, not after we have broken and and rallyed higher, anyone can do that. Many years of screen time.
     
  3. Looking for a sell target of 1330-1350 nothing set in stone just an observation. Looking for some sort of news over the weekend merger… something to set it off next week.
     
    • es.jpg
      File size:
      156.9 KB
      Views:
      33
  4. PaulRon

    PaulRon

    with years of screen time you should now udnerstand the first rule... anything can happen.

    but yea, above 1295 and 1306 brings much higher
     
  5. divergence to what?
     
  6. There is a weekly divergence in the MACD histogram, see ES weekly chart its going to tick up, unless we crash from here it's a HUGH BUY SIGNAL!
     
  7. Boy they are churning that volume, gonna make it look real good. Were going higher boys, buy the pull backs if we get any.
     
  8. BUY BUY BUY, THIS IS IT!
     
  9. Yep just as I thought. Heading higher indeed.
     
    • es.jpg
      File size:
      143.6 KB
      Views:
      30