ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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the index futures MM's will look to see if there are buyers up here, if not they wont hold the bag too long, since they are the ones that brought us up here.
there is not enough emotional energy in the market to take us higher at this point in time. So the MM's will collapse the price, steam rolling everyone, who think they are buying it on the cheap.
the political scandals are heating up. Iraq has been kept out of focus but as the election atmosphere comes in, the initial volatility will be to the downside then as anyone who is long is weeded out, then the price gets ramped back up.
1480 triple top scare. head n shoulders would be printed.
there is not enough emotional energy in the market to take us higher at this point in time. So the MM's will collapse the price, steam rolling everyone, who think they are buying it on the cheap.
the political scandals are heating up. Iraq has been kept out of focus but as the election atmosphere comes in, the initial volatility will be to the downside then as anyone who is long is weeded out, then the price gets ramped back up.
1480 triple top scare. head n shoulders would be printed.
Anyone take the rule of 10 ?
Quote from Buy1Sell2:
I will be looking for an appropriate place to cover my 1544 short and go long. I don't know if it will be today or not, but I will most likely be unable to post it in real time. However, I will update later.--Ishmael
Can't really cover while the 60 minute chart is so bearish.
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