ES discussion for Monday 7/27/09

Or sell this bigger ABCD off...

Look at that set on this pullback action on the 1-min! Very cool.

This finish was awesome. Look at how it came down the 1-min set, and then twice hit the lower // of one key 3-min set, and the lower division line of the other 3-min set, and put in the higher low and then exploded. It just needed a bit more correction, and the two upsloping lines and the guidance of the downsloping set pinpointed the spot just about dead on, right at the most key .447 area. This was also one of those 7 wave counts that frequently end a move. I hope everyone can easily reconstruct this and see just how incredibly it used the lines.

Okay, that's it for the one man show. I had fun writing in my journal today. I hope everyone pounded this thing today, I think it traded just fantastically. I'll post the ex post facto later. Sure looks like this thing wants up. Make sure you are following the overnight, as the trading the last week plus has been just incredible, with some fantastic moves that in my opinion have been very, very tradable.