Looking like you've got a shot now that the market is finally breaking down.
CrAAPLe broke below 600 this morning, gonna shake out some longs and cause some chaos.
ES Journal - 2012
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Looking like you've got a shot now that the market is finally breaking down.
CrAAPLe broke below 600 this morning, gonna shake out some longs and cause some chaos.
Reports just out, market not seeming to care much just yet. Personal spending down, personal income up.
http://www.forexfactory.com/
ES gapping down this morning. Chicago PMI at 9:45.
I will be looking to short ~ 98.
http://www.forexfactory.com/
ES gapping down this morning. Chicago PMI at 9:45.
I will be looking to short ~ 98.
Hate to hope but should give some downside pressure as long as it holds. Looking to reduce above 90.
Is it Chicago PMI that normally leaks early, like 5 mins? Can't remember exactly.
Shorter term MAs crossed. Now if they can cross below the 50 and close, some good downside pressure may be in this books.
No need to hope, the charts are showing you where the market is going. Just keep sticking to your plan and you should be fine, barring any wild news like Bernanke announcing QE3.
I would expect a pullback to the 99 area to fill the gap, then a continuation of the downtrend from the overnight high of 02.50.
I wouldn't be surprised, Chicago is not known for it's ethics. Whatever happened to Blowguyavich, is he doing any time??
(EDIT) I found this about the Chitown PMI release time:
"Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Data is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction."
So it's not really cheating if you are PAYING for the unfair advantage...LOL!!
Quote from keeptradin':
I wouldn't be surprised, Chicago is not known for it's ethics. Whatever happened to Blowguyavich, is he doing any time??
(EDIT) I found this about the Chitown PMI release time:
"Survey of purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. Data is given to MNI subscribers 3 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates expansion, below indicates contraction."
So it's not really cheating if you are PAYING for the unfair advantage...LOL!!
I think he is in prison now where he belongs.
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