ES Journal Archive (2006 - 2008)
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http://www.elitetrader.com/vb/showthread.php?s=&postid=2090232#post2090232
that was an awesome call, it yielded 20+points from 936AM to 400PM
its really simple: if a major low was reached last thursday and the trend is up, any type of pullback (or lower open in this case) should be bought and bought aggressively.
the question is, how does a person know a major low was reached?
thats where blackguard's 7 comes into play.those are 7 indicators used to predict major bottoms.I call them blackguards 7.I am not the inventor of the indicators themselves, however I am the only one that uses them in this type of manner.Meaning I have never seen these 7 combined before and used in a market timing manner.
these 7 indicators alone are available for free on the Net.however, its the combination of them that at a given juncture that makes reading a bottom so effective.
as an example,blackguards 7 was used to pick the Aug 17th 2007 bottom live here on this very thread.It has also caught some minor bottoms, and of course has successfully caught the recent Sept 18th major bottom.Backtesting blackguards 7, I see it has missed a major bottom only 2 times in the past 14 years.
I think thats pretty impressive.
if any1 wants to learn more, just let me know.
that was an awesome call, it yielded 20+points from 936AM to 400PM
its really simple: if a major low was reached last thursday and the trend is up, any type of pullback (or lower open in this case) should be bought and bought aggressively.
the question is, how does a person know a major low was reached?
thats where blackguard's 7 comes into play.those are 7 indicators used to predict major bottoms.I call them blackguards 7.I am not the inventor of the indicators themselves, however I am the only one that uses them in this type of manner.Meaning I have never seen these 7 combined before and used in a market timing manner.
these 7 indicators alone are available for free on the Net.however, its the combination of them that at a given juncture that makes reading a bottom so effective.
as an example,blackguards 7 was used to pick the Aug 17th 2007 bottom live here on this very thread.It has also caught some minor bottoms, and of course has successfully caught the recent Sept 18th major bottom.Backtesting blackguards 7, I see it has missed a major bottom only 2 times in the past 14 years.
I think thats pretty impressive.
if any1 wants to learn more, just let me know.
connect the 1937,1966 and 1987 highs,you will see major trendline that held in '02,i think we need to retest it before climbing higher,if we break it,draw a tl for the lows in that 50 year period and you will see a steep drop below, we'll have to wait and see if she holds on the retest
No body who trade for a living wants to carry shorts on indices and financials going home this weekend.
That alone lifted the market at last hour when it did not drift lower to test the opening low. i.e. short cover rally
15/130/4 hr are neutralized from their oversold condition while daily/hourly/30 not quiet yet.
So we are at best at a confused point - not bullish nor bearish.
Very fitting for the current situation
That alone lifted the market at last hour when it did not drift lower to test the opening low. i.e. short cover rally
15/130/4 hr are neutralized from their oversold condition while daily/hourly/30 not quiet yet.
So we are at best at a confused point - not bullish nor bearish.
Very fitting for the current situation
Quote from newguy05:
weak open, think market is still in hold pattern not quite able to trust the bailout plan yet after the back and forth last week. ES only up a few points. Not much action going on, i am going to play warhammer instead
i don't blame you. i'm playing poker career mode on my psp.
I'm about to give my 15 month old son a bath now. I'm sure I won't miss an ES Z8 parabolic down move while i'm gone.
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