ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from Buy1Sell2:

Agree, except for the bull market statement. I believe we have been retracing a longer term bear move. Granted, taken by itself the last few years have trended upwards

I think we will be much lower than 1250 when all is said and done.
More...

Longer term bear move? No disrespect intended, I don't see it. Can you explain please. Since '94 this's been a bull market, apart from havoc caused by the internet bubble and 9/11 tragedy, all we are doing IMO is getting back on track since late '02.
 
Quote from Buy1Sell2:

certainly bearish on the 12 and the 3 now. 60 starting to shows cracks.
More...

Looks like a seller at least until 1303.50 support levels.
 
Quote from romik:

Longer term bear move? No disrespect intended, I don't see it. Can you explain please. Since '94 this's been a bull market, apart from havoc caused by the internet bubble and 9/11 tragedy, all we are doing IMO is getting back on track since late '02. [/QUOTE




I see a retracement of the bear market that began near the end of the decade. --Using monthly continuation charts. I suppose a person could classify this as a bull market within an overall bear market, but I think it is retracement. A breakout above all time highs would be needed for a shift in my view.
More...
 
Quote from romik:

Looks like a seller at least until 1303.50 support levels.
More...

we may need another spike in the 3 and 12 first prior to a breakdown in the 60.
 
Not knocking chart analyses, use them myself, but looking @ price action in T&S against charts, IMO, no spike required, just a lower trigger point.

EDIT: If methodolgy at least partly based on chart analyses, one must have access to multiple open charts - 1,3,5,10,15,20,30 minutes at least I would say, otherwise, if there is limited access, T&S monitoring is imperitive, essential anyhow IMO.

I know you like those 60 min charts B1S2, but for day trading aren't they puting one behind action that's already taken place?
 
Quote from romik:

Not knocking chart analyses, use them myself, but looking @ price action in T&S against charts, IMO, no spike required, just a lower trigger point.
More...

I used the word may here because it would be stronger with 60 confirm. yes the 60 lags
 
Quote from Buy1Sell2:

we may need another spike in the 3 and 12 first prior to a breakdown in the 60.
More...

No spike needed.

Stopped out at entry (1306.50) but as the trend stays short i went short again at 1306.5 after we went to almost 1309. I'm still convinced that we will break the low of the day.
 
Status
Not open for further replies.
Back
Top