ES 11-10-08


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  • koolblue
  • 10-Nov-2008 at 9:18 AM
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Well, coming into the pit open flat. So far the action is as expected . Ihave a 15 min proj. down to 936.25 which would close the gap from last nights globex open ... watching
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  • koolblue
  • 10-Nov-2008 at 1:34 PM
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918 should hold ,then 923.50
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  • koolblue
  • 10-Nov-2008 at 1:35 PM
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1 min avg 917.88 and 5 min boll avg is 917.35
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  • Ugo65
  • 10-Nov-2008 at 1:36 PM
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quote:
Originally posted by VOwater

ABC off the bottom 1st target 922.50 2nd 925.50


Elliott wave structure: 922,25 (h 11.54) not overlapped

Still down?
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  • VOwater
  • 10-Nov-2008 at 1:39 PM
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we are at a downtrend line on the 610 that stretches back to 4:35 this am
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  • koolblue
  • 10-Nov-2008 at 1:42 PM
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Isure hope so cause i just went long at 920.50
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  • redsixspeed
  • 10-Nov-2008 at 1:45 PM
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quote:
Originally posted by VOwater

ABC off the bottom 1st target 922.50 2nd 925.50


VO;

I have been reading The Master SwingTrader by Allen Farley
help me understand the ABC of things
I guess I'am behind the
in that
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  • koolblue
  • 10-Nov-2008 at 1:49 PM
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stopped and watching...
crude has been coming back strong for the last hour
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  • VOwater
  • 10-Nov-2008 at 1:57 PM
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red - I know who Farley is but im not familar with that book. ABC or some people call it 123, looks like a lighting bolt. It basically signals a trend, a retracement and resumption of trend. If you pull up a 610 tick chart you will see the move off the bottom (which happens to be a 2B bottom) up to 919.25, then retraces 50% before starting back up. Use you fib extension tool to measure the move from A (bottom) to B (swing high) and then back to C (retracement) and it will give targets. I believe Gartley first wrote about this. Suri Duddella (Surinotes.com) uses this pattern alot. Very powerful.
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  • koolblue
  • 10-Nov-2008 at 2:01 PM
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1 min boll avg is 920.00 , i think thats next
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  • koolblue
  • 10-Nov-2008 at 3:37 PM
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proud of you Margie , youve really made good progress!
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