Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
Friday morning consolidation range...
Started by
jjc
, May 11 2007 07:55 AM
4 replies to this topic
#2
jjc
-
- Traders-Talk User
- 2,886 posts
Member
Posted 11 May 2007 - 08:06 AM
Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
On silly predictions:
Two possible outcomes in my little head:
1) This shakeout ends at 20 dma. 1496-1500 range (ie we are close to the bottom).
2) This shakeout ends at 50 dma, another violent leg down to 1458-1460 area.
prices with respect to june ES.
I favor 1 until it is proven incorrect.
#3
jjc
-
- Traders-Talk User
- 2,886 posts
Member
Posted 11 May 2007 - 09:03 AM
Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
On silly predictions:
Two possible outcomes in my little head:
1) This shakeout ends at 20 dma. 1496-1500 range (ie we are close to the bottom).
2) This shakeout ends at 50 dma, another violent leg down to 1458-1460 area.
prices with respect to june ES.
I favor 1 until it is proven incorrect.
Leaning even more toward senario 1. Volume this morning on the news was note worthy. also the 6-7 noteworth also. Lets see when we test bottom of range.
#4
jjc
-
- Traders-Talk User
- 2,886 posts
Member
Posted 11 May 2007 - 09:20 AM
Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
On silly predictions:
Two possible outcomes in my little head:
1) This shakeout ends at 20 dma. 1496-1500 range (ie we are close to the bottom).
2) This shakeout ends at 50 dma, another violent leg down to 1458-1460 area.
prices with respect to june ES.
I favor 1 until it is proven incorrect.
Leaning even more toward senario 1. Volume this morning on the news was note worthy. also the 6-7 noteworth also. Lets see when we test bottom of range.
Looks like we had a run on stops on ES and ER above the range will it trend?
#5
jjc
-
- Traders-Talk User
- 2,886 posts
Member
Posted 11 May 2007 - 09:51 AM
Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
On silly predictions:
Two possible outcomes in my little head:
1) This shakeout ends at 20 dma. 1496-1500 range (ie we are close to the bottom).
2) This shakeout ends at 50 dma, another violent leg down to 1458-1460 area.
prices with respect to june ES.
I favor 1 until it is proven incorrect.
Leaning even more toward senario 1. Volume this morning on the news was note worthy. also the 6-7 noteworth also. Lets see when we test bottom of range.
Looks like we had a run on stops on ES and ER above the range will it trend?
Adding short here. What does not look good is NQ not participating.
Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
On silly predictions:
Two possible outcomes in my little head:
1) This shakeout ends at 20 dma. 1496-1500 range (ie we are close to the bottom).
2) This shakeout ends at 50 dma, another violent leg down to 1458-1460 area.
prices with respect to june ES.
I favor 1 until it is proven incorrect.
Leaning even more toward senario 1. Volume this morning on the news was note worthy. also the 6-7 noteworth also. Lets see when we test bottom of range.
Looks like we had a run on stops on ES and ER above the range will it trend?
Adding short here. What does not look good is NQ not participating.
When your wrong. Your wrong. Looking very very squeezish. NQ has not made higher high. No shorts to
squeeze?
This isn't just a bounce, this is a serious grail buy!Unfair high 1503.5
Unfair Low 1496.0
Keep your head about you (My silly expectations: I'm not expecting much of a move today however I'm watching out for lunch/post lunch TIKI/TICK for any trend that may flow into monday).
