S/R Emini Journal

11672 should be some support on YM (yesterday's high volume price), so maybe a pause there and then more downside??

 

Only thing holding it up is weak shorts covering as we move down.

 

Also for ER2 traders, possible weak pullback here to the point of control at 732.60 for another short.

 

OUT,,,good for the scalp bottom pop.

 

meet me in the Trap
it's goin down
meet me in the mall
it's goin down
meet me in the club
it's goin down
anywhere you meet me guaranteed to go down

 

SMH showing support. ER2, NQ at near LOD. YM and ES stronger. h pattern on all contracts.

 

http://www.charthub.com/images/2006/09/26/ES_317_VB_10.png

holding last 1/6'th now for this position trade from the SHORT "add".....these will be held until the close or a stop at 1341.00 (B/E + 2 ticks)............time to take a lunch break.

 

out at 1341

 

No I had to bail on the SHORT at 1338.50....had to reverse as I had a perfect LONG set-up.........

http://www.charthub.com/images/2006/09/26/ES_317_VB_11.png

I will wait and look for a new SHORT set-up later.

 

Well, we are at the top of the trendline and MA's. SMH is in a 5cent range at LOD.

Those MACD crosses always cause spikes, look to see if the trend continues. The h pattern worked, still hesitant on the top trendline for a breakout.