There would certainly be a sick long setup if this occurs. I want to see a break of yesterdays lows on huge volume. My order is in.
ES Journal Archive (2006 - 2008)
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There would certainly be a sick long setup if this occurs. I want to see a break of yesterdays lows on huge volume. My order is in.
IMHO the reason that did not happen yesterday is because of the FED intervention with the coordinated National 50bp rate cut.
we could still bounce a little due to oversold conditions but I don't see it going much higher. Any rally will be met with strong resistance selling pressure.
http://www.trade2win.com/boards/futures/26559-e-mini-sp-500-a-60.html
post 600.. a good 12-16 hrs before it actually happened.
Bush is good for something.
post 600.. a good 12-16 hrs before it actually happened.
Bush is good for something.
I was looking at the weekly charts, and I found another nice example of the dragon pattern. It is on all 3 indeces, best looking on the SPX. First bottom mid-March where it runs up 180 points (Height of the W), the second bottom is the beginning of July. The W failed 110 points from the 2nd bottom (a bit more than half of the height) and then promptly fell the required 180 points from the failure, where it rallied a nice 130+ points, back to the SMA. The last 3 red candles are not part of the pattern...
back to 1000 to blow some stops.
for how many people is 1000 the magical line in the sand...
thats why market will oscillate through it.. repeatedly..blowing breakout players.
the market moves..............
once your inline with how it trades, your frontrunning the market.
974 next..
thats why market will oscillate through it.. repeatedly..blowing breakout players.
the market moves..............
once your inline with how it trades, your frontrunning the market.
974 next..
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