ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from vertigo3:

News that moves? Just reported 3 minutes ago, CNBC reporting that some sort of a commodity related money market fund (overnight funds) has asked CFTC to allow them to halt redemptions.
More...

Sentinel Management. Asked the CFTC to allow them to halt redemptions. A run on the bank.
 
Here is the visual.... This is what you are looking for to negate a pattern as well as a zone. Who knows where it will bottom but the probabilities after that low was taken out is that we continue lower rather then explode to the upside.
 

Attachments

PPT will be working hard here at 38/40 neckline on the 60 min.

we have a measurment & target of 1370/1380 if we punch thru this NL.....free fall ,but i expect a fight first.
 
Quote from vertigo3:

apex82,
could you take just a moment to describe what you want to see as a "reversal bar?"
More...

A move above a prior bar high by at least a tick. Some people even like to see it close in at least the top 1/4th of the bar.. .but I am not that picky.

You can see when trading in the zone we never got one... this exhibits that the bulls can not overcome the bears creating a squeeze.... therefore they run it lower.
 
Quote from apex82:

A move above a prior bar high by at least a tick. Some people even like to see it close in at least the top 1/4th of the bar.. .but I am not that picky.

You can see when trading in the zone we never got one... this exhibits that the bulls can not overcome the bears creating a squeeze.... therefore they run it lower.
More...

Also see this in bear flags though.
 
tomahawk,
I think it depends on the time length of the bars you are looking at. I think apex82 was referring to a 15 minute bar.
Is that correct apex?
 
Somewhere in market wizards a trader says a bear market is when all news is bad, and in a bull market all news is good, something to that effect. Thought for the day.
 
Status
Not open for further replies.
Back
Top