ES Journal - 2012

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Quote from Trvlwanderer:

Obvious Ascending Triangle

This is so absolutely obvious that third graders are stopping me and asking what my target is.

Jeeeeesh.

A fella could be the biggest dope on the planet if he doesn't play the breakout, but could also be in the large group of monumental suckers to take the bait.

Sometimes the most obvious are the hardest to play.

Hey beer man! Come down here!
:eek:
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big size buying in ah. DEMTDAYBOYZ buying 100,200,250 lots here. Not looking good for shorts like me
 
Quote from volente_00:

big size buying in ah. DEMTDAYBOYZ buying 100,200,250 lots here. Not looking good for shorts like me
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They are gonna drift it beyond the point of no return. Only chasers and top buyers and then a nice re-cock.

Seems I've seen this movie before. :confused:
 
Quote from tenthousandmen:

Hello...

Before I hit the sack, I'm noticing incredible bearish flags in the ES. Tomorrow is looking like a larger than usual drop. With nothing hugely significant in the news, is there something I'm missing? :confused:
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Bearish flags? Maybe you can post a chart. All I see is up.

What I see is a break north out of the accepted value from last week (70ish to 78ish, per my last chart posted). Still below last week's high (by a couple of ticks now), but breaking out of that is quite objectively, if I may say so, bullish. We are 6 points north of the close of a 9 point range day, in Asian-only trading. Seems bullish to me. I would fully expect a retest of 75-78, but not sure a "bear flag" means much. Just my 2 cents.
 
Quote from JoshDance:

Bearish flags? Maybe you can post a chart. All I see is up.

What I see is a break north out of the accepted value from last week (70ish to 78ish, per my last chart posted). Still below last week's high (by a couple of ticks now), but breaking out of that is quite objectively, if I may say so, bullish. We are 6 points north of the close of a 9 point range day, in Asian-only trading. Seems bullish to me. I would fully expect a retest of 75-78, but not sure a "bear flag" means much. Just my 2 cents.
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The breadth reading was actually very bearish but no weaknesses showing from the ES chart.

Only hint was that NQ probably wants a deeper pullback.

But the real reason for the break out is this,
http://www.zerohedge.com/news/china...ng-bubble-will-actively-push-investors-stocks

It is a game changing / rule bending situation.

Will be difficult to deal with over the coming few weeks when normal mkt mechanism is not allowed.
 
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