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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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)Quote from elovemer:
...volente.... are you seeing a new low in the works ?
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volente
1463.5 cash is where we stall
Not at the moment. The level I posted for failure was the 50% retracment off the last high to low. Bears are scared because of the reeming they got last friday.
Quote from volente_00:
Not at the moment. The level I posted for failure was the 50% retracment off the last high to low. Bears are scared because of the reeming they got last friday.
Volente, I don't think scared is an appropriate word here, ImO they are just waiting out pattern to mature, could they be loading up with more shorts here?
2 gaps are under us now, but i suspect we make a run to 1480 before the selling picks up.
back after being out all day...seems the 5 point increments are where it`s at on our walk up to 80 +....my 59.75 & 64.75 sells today were covered at 55.25 & 56.25 as i`ll await more to higher prices.....nice ebb/flow for bulls & bears here & there is plenty of time for their walk up to fomc as i expect them to take their time with it.
edit: 15 min wedge tells the story.....with sharp tails off the 15min TL & looking for higher hi....probably on a gap.
i placed resting buy limits down lo to where i believed the TL would be in conjunction with the nearest 5 increment & where the buyers would step in.....i`ll be looking to do this all the way up to the top of 15 min channel with small size....fwiw
edit: 15 min wedge tells the story.....with sharp tails off the 15min TL & looking for higher hi....probably on a gap.
i placed resting buy limits down lo to where i believed the TL would be in conjunction with the nearest 5 increment & where the buyers would step in.....i`ll be looking to do this all the way up to the top of 15 min channel with small size....fwiw
Quote from Spooz Top:
back after being out all day...seems the 5 point increments are where it`s at on our walk up to 80 +....my 59.75 & 64.75 sells today were covered at 55.25 & 56.25 as i`ll await more to higher prices.....nice ebb/flow for bulls & bears here & there is plenty of time for their walk up to fomc as i expect them to take their time with it.
edit: 15 min wedge tells the story.....with sharp tails off the 15min TL & looking for higher hi....probably on a gap.
i placed resting buy limits down lo to where i believed the TL would be in conjunction with the nearest 5 increment & where the buyers would step in.....i`ll be looking to do this all the way up to the top of 15 min channel with small size....fwiw
curious, why do you think there will not be a down move before the fed meeting, which is nearly a month away?
Quote from smilingsynic:
I am not going to be able to daytrade for another week or so, so I will not be able to capitalize if I am right, but when the market gaps up, and then trades down to a point that there is a swing low above the gap, there generally is at least another strong move up for the day. I would not at all be surprised if this morning's highs are challenged again.
The market has not touched the pivot point, and it's almost 2 PM. Plus a Wyckoff spring off of the lows. That is bullish action, imo.
Thank you for the observation.
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