- WE'RE JUST RANDOM SPECKS OF DUST IN A TORNADO TO THE MARKETS .......
- CHARTISTS MUST PUT ALL BIAS ASIDE AND LET THE CHARTS DO THE TALKING OR WE'LL SEE ONLY WHAT WE WANT TO SEE
- This blog has a copy of all header posts that I publish anywhere, so that those interested in seeing what my thoughts are on the markets can find them easily.
- I will be answering questions and responding to comments, so feel free to respond to any posts and I will see your comment even if it is not on the most recent post.
- If you're interested in seeing any intraday charts I post, I do that on twitter, and my twitter handle is @shjackcharts.
- The charts in the posts are as large as I can practically make them. if you would like to look at one more closely, click on it, and the link will take you to a larger version at screencast. If you click on that again, you will get a full page version, and can use the resizing function on your browser to enlarge parts of interest further.

Friday, 8 July 2011

Early Weekend

I spent quite a while writing this morning's post, but I was slowed down by some firefox issues and then the hard break down on equities made my post rather out of date shortly before I was going to publish it. Some days it's just not happening, so I'll just post my central ES chart today which shows the rising wedge I posted on twitter yesterday and shows the target support trendline if this wedge is going to evolve into a channel:
I'm expecting a retracement going into Tuesday or Wednesday next week. There's decent support in the 1330 area and 1318 area.

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