YM, ES and DJIA Analysis

[brownsfan019]

Ronin - where is the 'inside story' from? Is this something you typed up or receive in an email? Just curious.

[Ronin]

	Quote:	brownsfan019
	Ronin - where is the 'inside story' from? Is this something you typed up or receive in an email? Just curious.

Do you trust The C.O.T. Report? , just curious...

lol

[Ronin]

	Quote:	Ronin
	9:05pm - GLOBEX Filled : LONG 1412.75 06:56am Long 1410

Long 1412.50, Exit Target Filled 1420 GAIN + 7.5 Pts = $375

Open Position: Long 1410

[brownsfan019]

	Quote:	Ronin
	Do you trust The C.O.T. Report? , just curious... lol

Good question. Never put much into it myself. You?

[Ronin]

	Quote:	Ronin
	Long 1412.50, Exit Target Filled 1420 GAIN + 7.5 Pts = $375 Open Position: Long 1410

Second Target Filled at 1423 for +13 Pts GAIN = $650

Out FLAT

[Ronin]

Sunday, January 13, 9:50pm:

Buy STOP 1412.75 and Limit Buy 1400.25 ( In case the 1400 Level is Tested first during GLOBEX.

If Filled at 1412.75, Stop Loss : 1363
If --------1400.25, ----------: 1363 Below March 14, 2007 Low

Monday, January 14:

02:00am During GLOBEX: Limit Buy 1400.25 Filled - LONG 1400.25

THAT was a huge spike down to 1398 ! My entry filled was only 2.25 Pts from the Low.

[james_gsx]

First off - Ronin good trade!

I think we'll get a little dead cat bounce here. Super light volume today and the ES is at a huge support level. I'm going to wait for a short signal to come before making a move...



On the YM i have 12,800 outlined, but I wouldn't be surprised to see a move up to 13,000 before falling back down. I wish I had the Fib retracement lines plotted on this chart because I think that would give me a better clue, but oh well.



Key levels to watch for tomorrow
YM - 13,800 and 13,600
ES - 1400 and 1420
NQ - 1960 and 1900

Good trading.

[thrunner]

	Quote:	Ronin
	If Filled at 1412.75, Stop Loss : 1363 THAT was a huge spike down to 1398 ! My entry filled was only 2.25 Pts from the Low.

Your trade didn't get busted? Who is your broker if you don't mind divulging ?
50 point stops on ES is not really a trade most would make on an overnight trade.

[brownsfan019]

	Quote:	thrunner
	Your trade didn't get busted? Who is your broker if you don't mind divulging ? 50 point stops on ES is not really a trade most would make on an overnight trade.

I would be surprised if the trade sticks as well according to what I read. I hope it sticks for Ronin, but don't be surprised if come Tue the account reads differently.

[james_gsx]

It's looking pretty ugly out there guys. I went ahead and put together some monthly charts since I think we all know what's going on with the daily (high wave candles and old support become resistance there ya go done ).

First off I want to look at the actual Dow cash index. As you can see support from Feb 27 was broke this week and our next stop is 12,000. In my opinion there is too much force behind the selling and I don't see 12,000 being able to act as a major support level. I hope I am wrong for the sake of people who have a lot of money tied up in the markets through IRAs, 401ks, etc. But unfortunately the low 11,000 target is something I think we can all expect to see sometime this year.



Next up is the ES monthly, as you can see 1400 was a pretty big support level. Our next stop is 1300, hopefully that will hold.



I don't expect to see any of those targets within the next few months. Remember this is a monthly chart, so it takes time for these to develop. I do believe we're in a recession just by looking at the chart. I think we have an extraordinary opportunity here to make a lot of money. Unfortunately a lot of normal people (like our parents) will probably lose a lot of money. But that money has to go somewhere, might as well be our pockets