long 69.75
stop 68
stop 68
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
That the market has no idea what to do 
... now I've gotta mess with the charts for a little while and come up with a couple scenarios.
... now I've gotta mess with the charts for a little while and come up with a couple scenarios.I'd be watching for downside. Look at all the recent peaks in price. They stall for a day or three, moving sideways, and then back down.
We also broke yesterdays high on lower volume. In fact, volume since the hard push up has been lower these past four days.
Find scenarios both ways because anything can happen, but the patterns I observe suggest downside is more probable.
just my 2 cents
We also broke yesterdays high on lower volume. In fact, volume since the hard push up has been lower these past four days.
Find scenarios both ways because anything can happen, but the patterns I observe suggest downside is more probable.
just my 2 cents
there is no volume, this could mean that mom and pop are on the sidelines, this mrkt is too scary to invest in,so its the houses against the traders,without mom and pop, the houses just fade every move they start, they send it down and put their bids way lower, same on the upside,so you have to trade smaller and take your profits and losses quicker because it used to take a week and a half to move 400 dow points now its a day and a half,to get mom and pops money in there, they have to take it high enough where the sideline money representing mom and pop will be embarassed to still be sitting on it, they tried that already and now we have no follow thru,it's a good time to be sitting on your hands, i got bounced around the last 2 days and i won't get it back easily, but it would be easy to give them some more.
r10 for dem T day boyz
:eek:
:eek:
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