ES Journal - 2012
- Thread starter Buy1Sell2
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Gap at 1408,25 from the cash close at 3rd of April.
Kewl, thanks.
Not trying to be a dick here, but I think it is insanity to short this type market regardless of if we pull back or not, considering the buying pressure this morning and the fact that we have a gap above.
Although this type of behavior happens once in a while, it`s not "normal" market behaviour per se and when the market is not acting "normally", it is better to sit it out unless one really understands "abnormal" market behavior. I know I don`t.
Maybe the top is in, but I would be damned if we don`t touch 1408 today. Maybe we`ll se a pullback to 1403 first. Maybe not.
Although this type of behavior happens once in a while, it`s not "normal" market behaviour per se and when the market is not acting "normally", it is better to sit it out unless one really understands "abnormal" market behavior. I know I don`t.
Maybe the top is in, but I would be damned if we don`t touch 1408 today. Maybe we`ll se a pullback to 1403 first. Maybe not.
Nah, we know you better than that.
I will cover on a pullback to 03, if it happens. Offered 07 to add but no fill.
Quote from Laissez Faire:
Not trying to be a dick here, but I think it is insanity to short this type market regardless of if we pull back or not, considering the buying pressure this morning and the fact that we have a gap above.
Although this type of behavior happens once in a while, it`s not "normal" market behaviour per se and when the market is not acting "normally", it is better to sit it out unless one really understands "abnormal" market behavior. I know I don`t.
Maybe the top is in, but I would be damned if we don`t touch 1408 today. Maybe we`ll se a pullback to 1403 first. Maybe not.
I really wouldnt say its "abnormal", its just that all the big players were short assuming terrible ISM numbers today and they didnt get them, so its a short covering rally. Usually these end as quick as they started.
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