ES 1-9-09

GM Traders

quote:

---

Originally posted by einstein

oops! sorry for that. Thanks again.

---

did u see my reply?

quote:

---

Originally posted by pt_emini

cycle up is failing... will be projecting a new ABC to the downside

---

the market is a book we just have to learn to read IMHO! HEADING DOWN INTO A MIN TOP DENOTED WEAKNESS! That was a clue!

newbies would say "the cycle didnt work"...but it did! it told you something very important!

Bruce - look at those juicy singles 896.25-909.75 ... perhaps not today but someday LOL

i think we'll see 897.75 today,unless 886.75 is touched first!

quote:

---

Originally posted by koolblue

newbies would say "the cycle didnt work"...but it did! it told you something very important!

---

very true !

failures are often powerful signals

Einstein, did u see the chart on page 8?

that move from 912 down gave one hell of a projection! LOL! CANT WAIT TO POST THAT ONE TONITE!

quote:

---

Originally posted by koolblue

quote:

---

Originally posted by pt_emini

cycle up is failing... will be projecting a new ABC to the downside

---

the market is a book we just have to learn to read IMHO! HEADING DOWN INTO A MIN TOP DENOTED WEAKNESS! That was a clue!

---

I will also add a little hint in reading the market: for an ABC to "trigger", one of my cycles must fail.

The chart I posted above is a perfect example of the case in point.

Hangin at the 1 min avg 892.00, 5 min boll avg is 892.25

quote:

---

Originally posted by vast524

Prestwick. Are you just reading this by the Dome and the T&S chart?
Regards

---

The singles were from the pit session TPOs. The read on big money net position is from a BAV chart.