ES Journal Archive (2006 - 2008)

Pekelo,
You posted url for ADU day the other day, but it has nothing about step down day.

lastt time we had one didn't you say buy the close and hold until 10:00am following day?
worked out didn't it?

I looked at chart, 1076 (as a bottom) jumps off page at me.

 

where is the next support level? :eek:

 

Here and 1080

 

If there is anyone I have faith in, it's my trading friend I communicate with.

I said 1200-1150, he said 900 back in March. I think he is going to get his 900.

 

Actually, there is, in the same ADU timeline thread:

Yes, if we close at the LOD, you go long overnight until 10 am. Since we also have an open gap today, the chance of having 2 downgaps in a row (2nd gap rule) is very low...

Now we could rally in the last 10-20 minutes, it could be in the play...

 

Chartpatterns don't work?

 

To continue with the down trend, a bull trap has to be built ...

 

OK
thanks Pekelo

 

Unbelievable! Scary is an understatement. Yikes!! :eek:

 

profit taking on the close. looks like some people don't want to be short on the close. PPT in effect yall