ES Journal Archive (2006 - 2008)

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Quote from volente_00:

I was just curious because at first you had your stop above a rule of 10 signal area, which I have found thru time and $ is usually not a good idea and as luck has it it went 9.75 to that area before reversing hard. Still up for 1360 with a shot at possible 80 ?
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Indeed so, till 1360, make it or break it. Has to be done. I know it's a bear phase, but 120/180/240 and daily point to a bounce.

We can see 1360 as soon as today, hopefully in line to put in 3rd lower on 10 min chart
 
Quote from JSSPMK:

Indeed so, till 1360, make it or break it. Has to be done. I know it's a bear phase, but 120/180/240 and daily point to a bounce.
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As I previous stated my blackbox generated a signal at ~1323 sunday night and target 1360 with a secondary target at 1380.
We will see how accurate it is.
 
Looking at short term charts is difficult to remain optimistic about 1360, also that 10 point schtick is normally faded considering the time it took to put it in. On another hand it hasn't been faded yet & that's a positive.
 
Quote from volente_00:

mean reversion eh ?
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The rally was news based and not sustainable, Buffet offering to essentially reinsure muni bonds is old news I think but I am short biased. :)
 
My opinion on news is that it is there (not all, but some) to support patterns seen in TA, of course people will always say that this is ridiculous & link this to Conspiracy Theories INC, but it's just too coincidental in some cases, just like recent Crude Chavez and other news events that supported buyers that left foot prints on a chart.
 
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