Friday, November 20, 2009

Which one is it?

Bullish lowering wedge or descending triangle. Keep in mind this descending triangle also has the 50dma ... a break through that 50dma ... and boy we are off moving.


  1. I would really like to see 1084.25 here. We should have a small push higher now (not exceeding previous high) and one last run lower for a new LOD for cash hours right at ES 1084.25.

    Will take a long there as I am seeing a bullish wedge.

  2. also have a lotto trade in as well. Limit buy 1084.25/stop 1082.25.

    Have to leave shortly and leaving both trades with limit orders.