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Markets going up... if we pop won't we be making an island formation? Did a bad job posting my NQ trades yesterday (averaged in-and-out a few times, and had to leave in the pm), so I'll start by only posting my ES trades, as those are fewer and further in between.

So are you implying that this is fake? Frankly, I think so too, simply because the ES doesn't seem strong at these lows, but it is building a nice step however...

Hmmm, ES is building the second step. If it rips it will start building an IHS, interesting...

I agree. Went against my own readings of a down day and pulled a contrarian scalp on a non-existent bounce. At least I had the control to fire the trigger on an NQ instead of an ES, so losses are slim and totally manageable. I also have to get used to be able to stare at the screen all...

Geh, no gestation period? No 11:00 high? :mad: Interesting how the ES went sideways (SDD?) while the NQ dropped further...

Long NQ 1439.75 I sense a recovery

Man, should have put my money where my mouth was... We might go to last week's low, but I have no idea where this is going. Hope today's an SDD, makes planning for tomorrow a lot easier (I wish for 2 sequential downgaps).

10+pts downgap it is... will we drop all day? :eek: :confused:

In my non-experienced sheep view, I expect it to either test the lower part of that channel @ 930 or make a 10+ pt down gap and drop. Worst case (for me) would be to have it hang around at these levels... Oh, and I'm off work this week, so it will be interesting to see if this sheep will...

Hmmm, did we just hit the low of the week in that 89X mark? Made a bit today, but nothing to write home about.

Congrats to those who played; I sat on my hands all day (actually busy with day job). I placed a long order on that last burst, but missed the train, and was biased towards short for the close, but they ripped the damn close so many times lately that I didn't want to test it. One of...

:( Covered my lone ES 936 short @ 921 this morning, that gap kinda scares me. I'm willing to re-short in the 930 region, but here I'm a bit at a loss as to what the short-term move will be.

Wait, so because we broke out but came back in, we'll reverse and go down? Can you elaborate? All I see are negative MACD and RSI divergences on the daily SPX. B1S2, aren't you trading with those indicators? However the MA20 is conveniently located in the 920 region... So me and my...

Actually, I'm not even sure myself, hence de dilemma... :confused:

Man, this sheep is soooo happy to have covered @ 931.75, but damn I was itching to get back in. If the AH can creep up a little more, I'd be willing to wager that 1 ES contract again. Sal's after-SDD rule is that tomorrow 10:30 should be higher though, so I'm a bit weary...

Lots of back-and-forth and ended up with scraps trading the NQ, and still holding my ES 940 short from yesterday. One day later... exactly in the same spot :mad:

Geh, was fearing a ramp up in the pm when the market didn't tank to the bottomless pits of hell by 1pm. Little sheep like me placed a stop @ 932.50 out of fear of all things, and when it hit I got worried that I missed a train ride. Then the churning was tempting me to get back in, but...

Isn't this looking like one of Pekelo's dragon failure?

Nah, nothing about your stop saliva, just the fact that you used '8' instead of '9' :p

lol I'm hoping that this saliva comes from the very near future :D