ES Journal Archive (2006 - 2008)

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Spectre, considering I have a very spartan way of trading (no news, fundementals, etc.), I actually enjoy the way you analyze and think. You seem to put it all together very well.
 
Quote from paul_alan:

damn. should have shorted when i posted, lol.
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Just because the market is down does not mean that shorting is easy. There is danger on both long and short sides of the market (those on the sidelines can relax). Shorting without a clear well-placed stop opens one to danger; many rallies on down days begin between 12-2.

Note that there hasn't been a new low in almost an hour, and the recent throwback appears that it might hold. That is NOT bearish action, imo.
 
Quote from Spectre2007:

notice how price engineering is tryin to print a 'w' on the 5 minute with 1498 being the neck.
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What do you mean price engineering? Do you mean they are trying to trap longs with false sense of security?
 
Spooz, I still like you. So please continue your posting, thinking, analysis, etc. Buy1Sell2 has the right idea. Sitting in front of the screens all day makes us all a wee edgy.
 
a double bottom 'w' is a strong probability pattern, usually with range extension marginally, watching for signs for it, for a intraday countertrend is worthwhile.

but unless I see more buying spurts, probability favors the bears till the close.

edit: keep an eye on the tic trendy.. 120 tic ..chart. its printing the last leg of the 'w'.
 
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