ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Im not an elliotician by any means... but I will use it sometimes when it looks obvious. Take a look at the ellipses to see the bearish pattern that this market has used to break down from in the past. Basically a H&S... this market is still very vulnerable to a big break to the downside until this zone is taken out.
 

Attachments

the problem with the daily price action, a test of the lows needs to be followed by a spurted break of the highs..

any break of the highs from here onwards will be of weak relative strength.

basically price has to touch the low (1390-1400) zone and spurt up consecutive days...without retracing to above 1600.

the market is coiling itself on the daily..
 
xmas rally,all over after wed-thursday going into triple witch,one of best magic tricks-houdini never pulled---reminds of old monty python skit---eric the most dangerous of all sheep...he would go from pasture to pasture , climb trees and all the sheep would follow ,he would jump and live and they, would all follow and perish, get this market up hi enough so eric can sell it and ride it down and we can all perish ,BEWARE OF ERIC
 
“A Chess game is a dialogue, a conversation between a player and his opponent. Each move by the opponent may contain threats or be a blunder, but a player cannot defend against threats or take advantage of blunders if he does not first ask himself: What is my opponent planning after each move?”
(Bruce A. Moon)

“You can only get good at Chess if you love the game”
(Bobby Fischer)


1508 approaching...
 
trade with the trend and buy dips sell rallies..that is straight from the pro's play book...... can't u see that vol? counter trending is for those who are not exerienced enough to know better.
 
Status
Not open for further replies.
Back
Top