Was watching the 2min charts alot this am so I waited to pull the trigger... May do a NQ play here as well shall see... May have alittle more upside yet, but I don't see it being to much. WC
SHORT ES0703-1437.75 / Jan 23,06 / 10:43 am pst.
5 min chart
[img]http://quote.prophet.net/JCPrintChart?href=http://TRUTH.prophet.net/TemporaryFiles/JavaCharts/43.1169577767357.print.gif[/img]
Decided to go for it on the NQ...
SHORT NQ0703-1798.50 / Jan 23,06 / 10:52 am pst.
30 min chart
[img]http://quote.prophet.net/JCPrintChart?href=http://COURAGE.prophet.net/TemporaryFiles/JavaCharts/104.1169578408457.print.gif[/img]
SHORT ES
Started by
Wallcrawler
, Jan 23 2007 01:56 PM
4 replies to this topic
#1
Wallcrawler
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Posted 23 January 2007 - 01:56 PM
$ No more effort is required to aim high in life, or to demand excellence and success than is required to accept failure and poverty. $ ~ Anonomous
#2
Wallcrawler
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Posted 23 January 2007 - 02:08 PM
It is looking like we could get a last hour run up... with this current little consolidation on the smaller time frames.
$ No more effort is required to aim high in life, or to demand excellence and success than is required to accept failure and poverty. $ ~ Anonomous
#3
selecto
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Posted 23 January 2007 - 02:28 PM
On the 60 cubes, if we don't reverse here and now, my stuff will give a "lead pipe cinch" sell at the end of the hour (3:00 EST.) We appear to being making bear flag steps down. (Last chance UFO ?) The bear case on the 60 is a resolution down of the coming squeeze, violating the H&S necdkline with volume and targeting a copule of points below.
#4
Wallcrawler
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Posted 23 January 2007 - 02:35 PM
Yea - I see what you are saying on the 60 min on the NQ - looks good ST for shorting... It does look to me however that the NDX is building for a rally soon though... will be watching closely.
$ No more effort is required to aim high in life, or to demand excellence and success than is required to accept failure and poverty. $ ~ Anonomous
#5
Wallcrawler
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Posted 23 January 2007 - 03:59 PM
Decided to take profits on this one for a day trade... Will see what happens in the AM... Good trading to you guys - WC
SHORT ES0703-1437.75 / Jan 23,06 / 10:43 am pst.
COVERED ES0703-1433.25 / Jan 23,06 / 12:56 pm pst.
Total points for trade - 4.5
10 min chart
[img]http://quote.prophet.net/JCPrintChart?href=http://NOBILITY.prophet.net/TemporaryFiles/JavaCharts/105.1169585903192.print.gif[/img]
SHORT ES0703-1437.75 / Jan 23,06 / 10:43 am pst.
COVERED ES0703-1433.25 / Jan 23,06 / 12:56 pm pst.
Total points for trade - 4.5
10 min chart
[img]http://quote.prophet.net/JCPrintChart?href=http://NOBILITY.prophet.net/TemporaryFiles/JavaCharts/105.1169585903192.print.gif[/img]
Edited by Wallcrawler, 23 January 2007 - 04:05 PM.
$ No more effort is required to aim high in life, or to demand excellence and success than is required to accept failure and poverty. $ ~ Anonomous
