ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
- Status
L895.5, s~1.5, h/s-10
1m still just about bullish bouncable
Scaled out 2/3 +4.75 at next resistance, no prisoners taken this time
stop marked to b/e
Daily chart's histo points to possible bounce in the face of weekly & monthly charts' bearishness, histo pattern hasn't completed as yet, but looks likely to do so considering that the indexes have suffered enough up to now, OK, what is enough? Who knows? But all I know is that whenever price declines, even if dramatically, & histo starts reverting and by doing so suggests that conditions have a chance of changing from one intermediate phase to another it is OK to start looking for an intermediate bottom. Some will refer to knife catching as amateurish trading, not going to argue about that one. To each his own, I am OK with being classed as a piker
1m still just about bullish bouncable
Scaled out 2/3 +4.75 at next resistance, no prisoners taken this time
stop marked to b/e
Daily chart's histo points to possible bounce in the face of weekly & monthly charts' bearishness, histo pattern hasn't completed as yet, but looks likely to do so considering that the indexes have suffered enough up to now, OK, what is enough? Who knows? But all I know is that whenever price declines, even if dramatically, & histo starts reverting and by doing so suggests that conditions have a chance of changing from one intermediate phase to another it is OK to start looking for an intermediate bottom. Some will refer to knife catching as amateurish trading, not going to argue about that one. To each his own, I am OK with being classed as a piker
- Status