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ES 1-9-09


GM Traders
nice call on the 897 Kool. Just to clarify, wasnt your 15 min projection for 907?
big ol' bottoming tail hammer holding, but not for long im afraid
my stop is in wrong place should be below the 50% retrace at my entry level but im not giving up handles ill buy lower iff it works out that way
895 trying to hold as support now... hope for the sake of any longs out there it holds.

as a purely objective observer, it would not hurt my feelings to see 895 let go for a run at 885.
did you see the buyesr "camped" out due to your time and sales knowledge or was it just a visula thing
quote:
Originally posted by pt_emini

quote:
Originally posted by BruceM

Pt ? did you see this....? if you have a chance...I know why I was/am monitoring the 90 area but always curious what the rest of the gang see..
quote:
Originally posted by BruceM

please expand on that when you have time PT
quote:
Originally posted by pt_emini

they have setup this 890 level







Sorry for the delayed reply Bruce, I was away for lunch.

1.Open a new chart. Hit the maximize button and expand it out so you can see everything since the RTH Open.
2.Draw 2 horizontal lines: Red line at 895, Green line 890

At the time of my original posting buyers were camped out on 890.00, which in my mind setup a failure point where they would sweep out sell stops later. Which they did several times today. Once 890 was swept clean of stops, any subsequent "breakdown" of 890 can be viewed as setting up a subsequent reversal trade for a run back to 895.

quote:
Originally posted by einstein

nice call on the 897 Kool. Just to clarify, wasnt your 15 min projection for 907?

I MISS PRINTED! IT WAS OF COURSE 897.75...
NEXT WEEK IS GOING TO BE INTERESTING!
quote:
Originally posted by BruceM

I'm not sure if this following comment is made out of fascination, frustration or ego...perhaps a bit of it all ... but that volume zone was created on the 15th, one minute bar of the day. So when I see DVAH or single prints come in there and all your projections end up there I'm scrating my head saying...wait guys.....it's been there all along. On the other side of the coin is complete respect for you folks and your methods.........so I leave it at that. I think I'm leaning towards the EGO explaination for myself........it's amazing how it all comes together one way or the other....I think I need a johnny walker redd and water in a tall glass....that might shut me up,



I mark it up to "confluence"
ugh here it comes
bonds are trying to help equities and so is crude oil
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.