ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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right now i`m expecting an entire shift in sentiment should we break here......Es / dow are displaying significant topping patterns...i think the bulls are done here & bears will takes over...change in sentiment is HUGE & changes everyones mind sets gradually....until everyone realizes what has actually happened.
edit: closing price will give us more info.....but i`m under the impression that "every lift is a gift" mode.
closing price ,as usual is exteremely important for the shift in sentiment......bulls need a big lift before close if they have any chance to save their power.
I had my suspicions too.
Great cover....
You leaving? sure !!
Can't live without us, just accept it. It will make you happier in the long run...
The timestamp indicates (learn to read!) that the ES was at 1568 when I predicted that, and right now it is at 1553, so yes, I would say 15 ES was a big chunk of his unrealized gains of 31 points.
But what do I know??? :eek:
P.S.: And I don't even count that this morning the ES was up at 1575....
you prove my point by"needeing to be right" by time stamping everything.
by "predicting" we`ll finish in the red is a 50/50 chance of being right & being that we never took out fridays hi during RTH is better than a 75% chance of being right proves little......except that you "need" to be right.
when your predictions do not come to fruition,we don`t hear from you?
btw,that was a nice try passing off the rule of 10 (x 2) as your own in another thread......until JJ snagged you on it....LOL
anyway,good luck with your "predictions".........this thread is finally moving along nicely so i will not be responding to you anymore...........& remember that your desperate need to be right is quite obvious.
We are at a very critical zone here:
1. Just touching uptrendline that started at the 8/16 swing low.
2. Flirting with the 1552 level that was the swing high of 09/19 (so should now be a strong support level).
If we break decisively below 1552, I see nothing but air down to 1520. In my view, a decisive break below 1552 would definitively end the bull run that started on 8/16 at 1393 when the Fed started injecting liquidity. A typical 50% retracement of that upmove would bring us down to the 1480s.
1. Just touching uptrendline that started at the 8/16 swing low.
2. Flirting with the 1552 level that was the swing high of 09/19 (so should now be a strong support level).
If we break decisively below 1552, I see nothing but air down to 1520. In my view, a decisive break below 1552 would definitively end the bull run that started on 8/16 at 1393 when the Fed started injecting liquidity. A typical 50% retracement of that upmove would bring us down to the 1480s.
My guess is that it doesn't get that high before it resumes going down. This looks to me like a typical bear flag. The volume pattern is quite striking -- consistently much lower volume on up-moves than on down-moves.
EDIT: I just went short from 1555.50. Target is 1548.50 (7 points). If this target is achieved, it would represent a decisive 4-point move below the critical 1552 level.
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