Any way you read it, a break above yesterday's highs is gonna equal huge action! Who'll win the battle? 8-ball says, "Ask again later".
I might have to dust off the ol magic 8 ball myself. It looks like I am going to end the day with a -1 point. I have to get going in about 15 minutes
It looks like I am seeing bull flags forming on the ES, Q's and IBM right now. I would not enter long until I saw the HOD broken though and watch out for resistance about 1327.75
Here is a chart of what I am looking at. Hope ya'll have a good trading day. Fill me in on what happens today. I will try to check in sometime during the day. Gary
No break yet.......great opportunity for SHORT's prior to the oil inventories report (breakout may happen after news released)........... http://www.charthub.com/images/2006/09/13/ES_317_VB_2.png
Pillars - I see you are using Charthub to present your charts, but whose charting program are you using. I just started looking at "Investors RT". Thinking of making a change. Don't know if you know anything about it or if anyone else has any input. Thanks, Alex
Investor R/T offers charthub screen shots as part of their charting service....very simple to use! Well they still can't break this market out........... http://www.charthub.com/images/2006/09/13/ES_317_VB_3.png
bullish triangle, keeping in mind R @ 1327.75 and a wide range to 2nd R, should be 'explosive' stuff Edit: I would look for price to close above resistance (1327.75) on the hourly chart to go long and stop below 1327.75.
I have been using Inv R/T most of the summer after my switch from Esignal (I found out that Inv R/T had "market delta" charts). So far I have found the product to be exactly what I was looking for all in one charting service....I highly recommend their product. Flat now.......... http://www.charthub.com/images/2006/09/13/ES_317_VB_5.png I have Inv R/T's "Standard Realtime" service with the "Market Profile" option.