ER2 charts

futures live trades

Moderator: moderators

humble1
rank: 150+ posts
rank: 150+ posts
Posts: 170
Joined: Fri Aug 25, 2006 2:39 pm
Reputation: 0
Location: Florida
Gender: Male

Postby humble1 » Thu Mar 29, 2007 1:03 pm

near targets and price resistance.

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

humble1
rank: 150+ posts
rank: 150+ posts
Posts: 170
Joined: Fri Aug 25, 2006 2:39 pm
Reputation: 0
Location: Florida
Gender: Male

Postby humble1 » Thu Mar 29, 2007 3:34 pm

Patch wrote:Humble1

Thank you for your faithfulness in posting your TS screen shots faithfully. I look forward to doing the same soon.

Patch the Pirate
In VA


U R welcome Patch...

User avatar
RuGO
rank: <50 posts
rank: <50 posts
Posts: 40
Joined: Sat Mar 10, 2007 8:32 pm
Reputation: 0
Gender: Male
Contact:

Postby RuGO » Thu Mar 29, 2007 5:33 pm

We're on the virge of a drop... or are we?

humble1
rank: 150+ posts
rank: 150+ posts
Posts: 170
Joined: Fri Aug 25, 2006 2:39 pm
Reputation: 0
Location: Florida
Gender: Male

Postby humble1 » Thu Mar 29, 2007 5:41 pm

RuGO wrote:We're on the virge of a drop... or are we?


we certainly dropped from 809.....the bulls just couldn't hold off the selling, there has been no reason to go long since the open. rising channel breakdown in play, minimum measurment is 798....if 798 fails and gets used for resistance, then we go lower to the flag measurment @ 792.

humble1
rank: 150+ posts
rank: 150+ posts
Posts: 170
Joined: Fri Aug 25, 2006 2:39 pm
Reputation: 0
Location: Florida
Gender: Male

Postby humble1 » Thu Mar 29, 2007 7:47 pm

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

bearwatch
rank: <50 posts
rank: <50 posts
Posts: 31
Joined: Tue May 30, 2006 9:44 am
Reputation: 0
Gender: Male

Postby bearwatch » Thu Mar 29, 2007 9:28 pm

Yeah, I got long today and got stopped out. Fortunately it was a small loss. I was so focused on double-bottom pattern that I ignored the other patterns in play.

humble1
rank: 150+ posts
rank: 150+ posts
Posts: 170
Joined: Fri Aug 25, 2006 2:39 pm
Reputation: 0
Location: Florida
Gender: Male

Postby humble1 » Fri Mar 30, 2007 12:09 am

price kept dropping thru the blue p-line on the chart above = sell rallies. also, the rallies couldn't put in 3 bars above the each new low all the way down until 798 was hit, then there was a burst up, slight pull back for the low failure, and the minor bottom @ 14;14 was confirmed.

User avatar
RuGO
rank: <50 posts
rank: <50 posts
Posts: 40
Joined: Sat Mar 10, 2007 8:32 pm
Reputation: 0
Gender: Male
Contact:

Postby RuGO » Fri Mar 30, 2007 3:52 am

humble1 wrote:price kept dropping thru the blue p-line on the chart above = sell rallies. also, the rallies couldn't put in 3 bars above the each new low all the way down until 798 was hit, then there was a burst up, slight pull back for the low failure, and the minor bottom @ 14;14 was confirmed.


Nice rebound toward the closing, however to me this still has the feel of a further downward swing even though the daily candle seems to indicate otherwise.

humble1
rank: 150+ posts
rank: 150+ posts
Posts: 170
Joined: Fri Aug 25, 2006 2:39 pm
Reputation: 0
Location: Florida
Gender: Male

Postby humble1 » Fri Mar 30, 2007 12:43 pm

tuff call for higher or lower here because of the range setup from 798 to 810. once that's broken, the market should move. for now, the short term work says this goes higher and challenges 810 again. the key is whether a minor bottom gets confirmed at the breakout @ 805.5 or not.

Image

bearwatch
rank: <50 posts
rank: <50 posts
Posts: 31
Joined: Tue May 30, 2006 9:44 am
Reputation: 0
Gender: Male

Postby bearwatch » Fri Mar 30, 2007 12:52 pm

This is what I see for today. A double-bottom formed yesterday and would not be in play until 810 is taken out. I plan to play the range you mentioned. Keeping it simple. I'm also watching the 60min-chart falling trendline for resistance.

Image

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “futures”