ES Journal - 2015

Isn't there an evil twin of Lassez Faire who admonishes the bulls on a day like today?

"Why you going against the trend...on what basis...I don't want to see people go long after the market already pushed 10 points down!"

:p
 
--DT UM long 2080.75 Initial stop 2076.75
--The key here will be a break of 2083.50. If we get that, we have a higher likelihood of this having legs.
 
--DT UM long 2080.75 Initial stop 2076.75
--The key here will be a break of 2083.50. If we get that, we have a higher likelihood of this having legs.
--Price is 2085.00 Stop raised to 2078.75
 
--DT UM long 2080.75 Initial stop 2076.75
--The key here will be a break of 2083.50. If we get that, we have a higher likelihood of this having legs.
--Price is 2085.00 Stop raised to 2078.75
--Price is 2090.00 Stop raised to 2084.25
 
--DT UM long 2080.75 Initial stop 2076.75
--The key here will be a break of 2083.50. If we get that, we have a higher likelihood of this having legs.
--Price is 2085.00 Stop raised to 2078.75
--Price is 2090.00 Stop raised to 2084.25
--Price is 2090.25 Stop raised to 2088.00
 
--DT UM long 2080.75 Initial stop 2076.75
--The key here will be a break of 2083.50. If we get that, we have a higher likelihood of this having legs.
--Price is 2085.00 Stop raised to 2078.75
--Price is 2090.00 Stop raised to 2084.25
--Price is 2090.25 Stop raised to 2088.00
--Stopped for 7 pt gain
 
schizo said:
Isn't there an evil twin of Lassez Faire who admonishes the bulls on a day like today?

"Why you going against the trend...on what basis...I don't want to see people go long after the market already pushed 10 points down!"

:p
More...

I didn't catch the open today, but isn't it very interesting to see the same pattern from yesterday repeat itself so far?

6-8 points up, 20 points down, 14 points up? :)

Pretty cool, IMO. The only difference being that today's pattern formed a little faster.
 
Laissez Faire said:
I didn't catch the open today, but isn't it very interesting to see the same pattern from yesterday repeat itself so far?

6-8 points up, 20 points down, 14 points up? :)

Pretty cool, IMO. The only difference being that today's pattern formed a little faster.
More...
Actually, it's not all that uncommon. Back in the Nasdaq bubble era, this type of recurrence happened a lot. Hence the reason for so many overnight millionaires. To this day, that is why the 10 point moves that you're fond of alluding is such a recurring favorites. Happens day after day.

Let's just hope that today will be an exception. Now c'mon, give me 65! :D
 
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