DOW - ES Charts 03/03 - 07/02

[ChartMan]

We got a nice support bounce early on today, but the following rally failed to make a higher high, planting the seeds of doubt...... And so the recent rally failed, breaking both the uptrend support and the 100MA.

 

[ChartMan]

ES Vol Chart.

 

[ChartMan]

Still going down. Playing the 100MA should have kept you in all day long. Barring the minor excursion( that didn't make 100MA +20) , we've been under the 100MA for almost 2 days now and just about 200 points.

 

[ChartMan]

This looks like 7550.... but there's a small divergence, to help us up...

 

[ChartMan]

ES Vol Chart.How to track the moves between 00's and 05's.....

 

[ChartMan]

Saved by the divergence from yesterday!CCI breaking above 0 should help us continue the move tomorrow. Using the 100MA on the 1 min chart would have given you a cover at 7660 and a long entry at 7720 on the 100 MA bounce. Not bad from a long at 7900.

 

[ChartMan]

ES Vol Chart.

 

[ChartMan]

No continuation of that divergence at the open, droping straight away and bouncing up to test resistance that subsequently failed without too much effort.Then back to horizontal support at 7660 where it seems to have got stuck.Still, The divergence is building and the more it does the greater the probability of breaking up. If support here goes, look out 7400...

 

[ChartMan]

Good day to trade 00's oan 05's again. Uncommon H&S and Inv. H&S seen today....

 

[ChartMan]

Closed up on the day, thanks to the rumours of OBL's son's capture adn the "OK" news from Blix. Divergence still keeping the bears away, and room for movement to the upside next week.

 

[ChartMan]

Starting next week, I'm going to do TA on the 1 min DOW in depth as I did about a year ago.. We have had a large increase in members over the last year and so it's probably time to show the tricks of the DOW again. For those that aren't familiar with it, I'll be showing you how safely to get into trades, get out at the best times, and make some great Reward/Risk entries. I'll also be showing you ( if and when they occur) how to have the B**** to stay in a trade with 100% confidence when others are leaving early. This alone will pay for your spreads....

 

[Guesty]

Chartman,

Looks like you're bringing Christmas forward this year

I have no doubt your TA on the 1min Dow will show me the error of my ways.

CHEERS!

 

[The Optimist]

Looking very much forward to this ChartMan.

 

[Scooby]

Can not wait ChartMan