Review of last night's trades. Was just too tired to finish off my comments last night. Waited for a set-up but instead the "sleep set-up" appeared instead. LOL. ES was slightly more trending last night. We are already in PRIME on the TREND Chart, so as mentioned 2 days ago, we need to watch out for 1428.25, it being the last PRIME Support on the TREND Chart. A breach of this level would give us Leg 1 of a Bull Break. We need PRICE to fail soon. If not, 1428.25 is in grave danger of being taken out.
10:37pm Watching. No clear signals yet.
10:50pm Would really like to see a PRIME PPF of Support here on the Trading Chart to go LONG (TREND Chart "strongly" pointing up).
10:51pm We might just get it here. We are fast approaching PRIME.
10:53pm PRIME...on the Trading Chart.
10:57pm Grrr...TREND Chart just turned down. A LONG now would be tricky. If I get a Minor PPF of Resistance, a SHORTing I will go...
11:04pm Ah...sitting on my hands. News related move. Let's wait for it to settle down forst.
11:07pm LONG 1433.75 / STOP 1432.75
11:10pm Man, pretty wild swings.
11:11pm Moving STOP to B.E.
11:12pm Actually, we just had a PRIME PPF of Support, on the Trading Chart. This current move back up has to take out 1435.75. But if PRICE slips here, and instead takes out 1432.75, then that PRIME PPF was not confirmed.
11:13pm Oops. STOPPED at B.E.
11:18pm Still no clarity.
11:24pm Consolidation.
12:04am Was away from my desk. We have a breakout. And with the Longer Term Chart turning up, we should be looking for LONGs later. I may not stay up any longer. Had a long day today, and am feeling the effects. Will still watch for any potential LONG set-ups before I really sign off.
Friday, January 19, 2007
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