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ST momentum model SAR @ ES 1197.50...


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#1 tsharp

tsharp

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Posted 11 February 2005 - 09:02 PM

http://traders-talk....showtopic=29783

[quote]
fwiw, spx/ES is again coming into a critical area of support, which would be the S1 and pbma (green line on price charts) range for today... if it falls through this support range, imho it would bring additional selling into the market over the next few days.

however, if we can find support here, and move nicely upward, it would likely give my stuph a positive divergence SAR signal (fast line on right chart), back to a buy... twt.

--tsharp

welp, the pbma did hold... and my short-term momentum model issued a SAR at 10:00 and at ES 1197.50... for +5.50 on the last swing... will post over to the swing waves board later tonight.

great trading to all!

--tsharp
[end quote]

the chart at the end of the day does not convince me at this time that this thrust is anything more than just more corrective fractals, with another downward wave still ahead.

so for now, still long the ES from 1197.50, but will be watching monday for a possible failure... twt.

great weekend to all!


--tsharp
http://www.swing-trading-systems.net

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