keep an eye on oil.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Nice call. Unfortunately, I was working out on the treadmill when this happened. Just returned to find my ES long stopped out at break-even. NQ will probably follow suit by the time I hit the submit button.
Gotta go out for a few hours, so given this situation, I'm probably done for the day...flat.
Let's see...what does that work out to as an hourly rate?
Taking my Short off the table @ 1546.25 (scratch).
Market forming a nice reverse H&S pattern, Dow uptrend is holding intact, market readings are neutral across the board.
JJ
P.S. It's always better to sit with your profits when you have them, rather than risk them for more gains, when the market is undecided.
util average weighing down.
Quote from mbusch:
On what timeframe are you seeing this? I'm looking at everything from daily to 15m and not seeing anything that looks like a right shoulder, at least not yet. Pictures, we need pictures!
Here you go.
The lower right-hand shoulder is being supported by the 200 SMA (for those who use SMA's
).JJ
P.S. No point in squandering hard earned gains, I'm off to lunch.
if it closes negative, will open negative tomm.
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