ES Journal Archive (2006 - 2008)

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Quote from volente_00:

That is my point though, even good traders often get fooled by the chart. One mans noise is another mans goldmine.


:)
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Certainly. but I had already made a lot of money on the upside and am looking to do so again when I see the weekly gives me good signals. --Until then I will not be in a positional long. There are numerous long opportunities that are position in nature ie swing trading etc.
 
yeah, lol,

that coast is heaven on earth in my view, no wonder the Maya choose to build a temple to observe the Universe there.

ideal thing would be to trade and walkout onto the beach, our modern day lives are inherently unhealthy.
 
Quote from Prevail:

spectre, for your short, what is your target thru next week?
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looking at historical market bottoms, its very rare to have a 'v' bottom where the market doesn't look back.

this price action from the bigboys, is signaling a look back phase, where we try to probe the bottom to 1390 on cash or futures.

But notice it will be on diminished fear/volume levels, so the bottom will snap back pretty hard back up to 1480.

So its a engineered look back. The hourly needs to break the previous bar high. Otherwise market rolls onto itself.

edit: it will be perfect climate for a preemptive fed cut.
 

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Quote from Spectre2007:


edit: it will be perfect climate for a preemptive fed cut.
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What happened to all the rumors about a surprise cut today? I think a cut will have to wait until next week (if they do one at all before the meeting) as it is almost noon ET now.
 
Quote from ryank:

What happened to all the rumors about a surprise cut today? I think a cut will have to wait until next week (if they do one at all before the meeting) as it is almost noon ET now.
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market action and econ news isn't providing enough of a reason for a cut.
 
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