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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Quote from Jaxon:
Yesterday's sharp selloff into the close started about this time (3:20 et) from a high intraday print of 1518.50. It looks like there was an attempt to hold 1518.50 today for an instant replay. So can we hold the gains or do a replay of yesterday?
As Osorico says - "trade what you see"
Quote from apex82:
getting short again here at 1520.50 stop at 1521.25 small size late in the day and dont want to give much profit back
profit 1 at 1516.50-.75
market struggling to move lower taking profit 1 here at 1518.... n o point letting trades get away
same stops and targets for other units
Quote from apex82:
We have a very key zone from 1508-1513... The market tried to hold it but eventually cracked below it going into the close. The issue is whether its just a washout move or they mean business. Typically washout moves form the common H&S pattern. An area is breached for unknown causes and then reverts back to an equilibrium and then holds the zone on the second test. This is where its best to be on the sidelines... market is extremely oversold but is trying to break below a key level.
Tomorrow should be interesting.. If it can get back above that level in a hurry and hold... you will know it was a washout move and we should continue the run up in this bull market. [/B]
http://elitetrader.com/vb/attachment.php?s=&postid=1494651
Aftermath....
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