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To: AllansAlias who wrote (7517)7/19/2001 10:29:08 AM
From: Jack of All Trades  Respond to of 209892
 
I think we are at a crossroads on the ES be looking for a break up or dn to take in about 5-10mins... Will not be posting the trade as I have alot to do, 80% sure it will be a short somewhere around 1227...

Later



To: AllansAlias who wrote (7517)7/19/2001 10:33:21 AM
From: JRI  Read Replies (1) | Respond to of 209892
 
I agree that it is totally an anticipatory call...until we break above upper-sloping trend lines off lows/downward-sloping line off highs (around 2125/2115)..we are talking total guess.

A key for me will be how the market handles the next 2-3 hours of weakness....will it cave or will it lounge around near top of this Dow wedge....if we don't cave, this could lead to a bigger test higher..

Let me find you a chart that shows the wedge...hold on..edit: here it is: lgscharts.homestead.com