5 July 2005 (Tuesday)

Session Start: Tue Jul 05 08:24:26 2005
Session Ident: #t1
[09:18:30] <guy> Factory Orders
[09:18:30] <guy> 10:00 ET
[09:28:13] <mikee> gm, 1194.75-1194.5 is 1st target
[09:29:02] <guy> thanks mikee
[09:33:27] <guy> ER2 relative to MP VA etc.
[09:33:37] <signal>
[10:01:04] <guy> Innerworth: Take a Vacation and Fully Relax
[10:31:18] <signal>
[10:31:19] <guy> The classic MP long off the top of the VAH would have worked very well today:
[10:31:41] <guy> As you can see I had no confirmation from alpha/k-line so I didn't take it
[10:42:02] <guy> High of year for ER2 is 659.1 made on 3 Jan
[10:42:31] <guy> On 17 June we have a recent high of 651.4 which might be resistance now...
[10:43:00] <guy> Here is the daily ER2 chart
[10:43:12] <signal>
[10:43:13] <guy> to put things in perspective
[10:44:55] <guy> The 647.5 to 651.4 range has been a major resistance area 3 times over the past 7 months
[10:45:38] <guy> I was only broken once during that period and that was in the run up to the end of last year and the high on 3 Jan this year
[10:46:05] <guy> Based on that information we should see some resistance here
[10:46:48] <guy> If we break that resistance with conviction then I would expect it to subsequently act as support
[10:47:07] <guy> and therefore a long opportunity
[11:01:05] <signal>
[14:30:01] <guy> Oil Futures closed
[15:30:01] <guy> Bond Futures closed
[17:14:21] * Disconnected
Session Close: Tue Jul 05 17:14:24 2005