ES Journal Archive (2006 - 2008)

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Quote from Spooz Top:

i`m actually with you on this one.....reminiscent on the 53 buy in AH this week you caught after trading 63/64 in RTH.....we traded back up to 62 before we opened next day( sept contract).....looking for a move back over 1500.

fwiw,this was also a coast to coast move on the 15 min wedge......15 min IVB broken was a clear sell signal & i rarely trade against it.....& took small loss doing so.


Even a blind hog finds an acorn every once in a while



:D
 
n human psychology, a mental heuristic in which the mind values something based on how easily it may lose it, especially to competitors.

http://en.wikipedia.org/wiki/Scarcity_heuristic

very dangerous when being attempted at top of ATR's or weekly ranges.

now I see these 93's and think, wow ..they are giving these away....what would 90% of the population do, buy or sell here?

what would only 10-5% of the population do?
 
Quote from Spectre2007:

n human psychology, a mental heuristic in which the mind values something based on how easily it may lose it, especially to competitors.

http://en.wikipedia.org/wiki/Scarcity_heuristic

very dangerous when being attempted at top of ATR's or weekly ranges.

now I see these 93's and think, wow ..they are giving these away....what would 90% of the population do, buy or sell here?

what would only 10-5% of the population do?


90% would let the fear consume them and sell into a gap down and then cry the next day when the gap is filled and they realized they should have covered or got long.
 
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