pound...macd
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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color version..
If he sold when everyone was anticipating a big retrace last week he also would have missed the huge move down... He's comfortable with his style, let the man trade the way he trades!
Quote from tommymoose:
If he sold when everyone was anticipating a big retrace last week he also would have missed the huge move down... He's comfortable with his style, let the man trade the way he trades!
He misses nothing if he does not cover on the down move.
Cograts to the storm, he told all of you to cover your shorts at 1310 and go long with a 41 point stop loss.
I don´t know what you guys are expecting, but it seems that we might see some follow through...1363.25.....
some long term trendlines were tested...
I wouldn't be surprised if we made new highs..above 1600 by the end of the year..
I wouldn't be surprised if we made new highs..above 1600 by the end of the year..
most everyone doesn't want to be the last one standing at the musical chairs of equity positioning for the stimulative resumption in the economy.
they will run it up first and ask questions later.
Do you guys believe that someone (PPT) was holding up the futures on Tuesday morning?
This is shown in the S&P futures chart above -- as compelling a picture as you will ever see of what traders refer to as âstrong hands.â This is not the buying of mere institutional traders second-guessing each other so as to produce a raggedy series of lows. Rather, it is a buyer whose 1255.50 bid was set in concrete, fearlessly oblivious to the selling panics that had overwhelmed the worldâs bourses for two consecutive days. The bid held for long enough to exhaust sellers, as it doubtless was intended to do, causing the major averages to rally back to unchanged on the strength of the massive short-covering that followed.
http://news.goldseek.com/RickAckerman/1201071660.php
This is shown in the S&P futures chart above -- as compelling a picture as you will ever see of what traders refer to as âstrong hands.â This is not the buying of mere institutional traders second-guessing each other so as to produce a raggedy series of lows. Rather, it is a buyer whose 1255.50 bid was set in concrete, fearlessly oblivious to the selling panics that had overwhelmed the worldâs bourses for two consecutive days. The bid held for long enough to exhaust sellers, as it doubtless was intended to do, causing the major averages to rally back to unchanged on the strength of the massive short-covering that followed.
http://news.goldseek.com/RickAckerman/1201071660.php
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