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Friday 12-21-07


Shorting up here at 88.50 for 85 retest and then 80 if lucky...this 86-90 is a key zone to me.....my concern is that the market is/was ready to POP with that previous consolidation....other concern is that they sold it off directly from the open yesterday so I'm not looking for that quick thrust down today
89.75 will take out runners and will void the 60 minute high target and 94.50
here it is...good to have runners..can actually relax...almost..

ok the pop off the 5 minute high ( borsellino Subtley mentions this in a Trading Markets interview years ago) ..and you can see the matching 5 minute bars at the highs and the outside bar......to get there..looks like my miracle targets aren't going to happen...greedy to expect two miracles in one day

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pulled two off at 90.75...3 contracts left with stop at 89.75..need new highs and then stop will go to 91.25 on last contract..but need the new highs to do any of that
dow at new highs but not S&P....obvious cause for concern...but I know they will get a 60 minute high or low...sometime today...lol
filled at 90....flat now...divergence overruled the 60 minute target,,,so far
I know you're going to think im nuts but ive used the Ichi for many many years and it shows lots of support below here on the ES 3min

Maybe the Santa Rally is upon us? lol

[file]ES.jpg,126,,0[/file]

triples sit at 90.50 so u know which way I am going from down at this 88.75 area....perhaps the 60 minute high will come through
quote:
Originally posted by BruceM

triples sit at 90.50 so u know which way I am going from down at this 88.75 area....perhaps the 60 minute high will come through



nice trade bruce - what do you mean by "triples" if you dont mind me asking thx
last contract off just now at 94.75...a true holiday miracle....
Hi Gio,

I hope this links you to my thread on the triples......nice work on the charts...I'm hoping to have more time later to check them out....here is the triples concept

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=2163

quote:
Originally posted by gio5959

quote:
Originally posted by BruceM

triples sit at 90.50 so u know which way I am going from down at this 88.75 area....perhaps the 60 minute high will come through



nice trade bruce - what do you mean by "triples" if you dont mind me asking thx

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