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ES 8-18-08


PH looks like it'll hold as buying support after this 2 point pullback. I'm targeting a technical double top at the run's high, a managable pullback, and then a run for 1320. The 13 period ATR is 22.79, the extreme of which at the upside from the base is 1316.79.

Unreal..

Look at this and see if you can spot the exact point where the bull should have ended:


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thank you, redsixspeed. no worries. much appreciated.
I have 74.75 marked as well


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Hey SPRQ,

Nice trend day huh?? ;)
quote:
Originally posted by CharterJoe

Hey SPRQ,

Nice trend day huh?? ;)




Joe,

That was some show. I wouldn't mind learning how you knew if you care to divulge. Could you explain the differences in the MP forum please? I'm almost certain you didn't read about that in any book and was a matter of your own research. I can certainly understand if you choose to keep that sacred, but some direction to keep from reinventing the MP wheel would certainly be appreciated. I can with confidence say I don't only speak for myself either.

Either way, thanks for considering it. And jolly impressive call! ;)
buying one at 1277.50,holding for 1284.00, even into the nite session. 3 point stop.
not one of my brtter entries...lol
stopped... same order gtc at1271.75
Short 81 GTC. ;)
There's no way in hell with the A/D ratio at three stocks falling for every one rising this long stop bounce will fair the fourth wave when the overnight session begins. There's price satisfaction at 74.50 yes, but sellers hadn't exhausted 1) and 2) sellers will test the trendline. There's continuation short divergence from two different peaks; buyers are hung up at 82 on the leg they've overextended volume on, &c., &c.

GTC long-boaters will bail, though they're a thick bunch, but when they do, they'll add momentum to the downside and before you know it, we'll struggle at the open or premarket to regain ground for a buy day, or something.

Take your profits. They're prime.



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