ES Journal Archive (2006 - 2008)

[regal_2012]

blackguard's Rule of 12 anyone?

 

[startraitor]

Out at 80.

Quote from startraitor:

Long at 77.50.

 

[saliva]

Quote from vertigo3:

I feel like forrest gump today. cause I just sat here and did nothin'.

I guess that was a bearish wedge today.

I gotta go get fitted for a new, bigger, better dunce cap.

Vertigo, not that I'm a TA freak or anything, but that looks more like a flag than a wedge. A bearish wedge, by definition, should point upward (in an uptrend).

 

[freehouse]

Quote from vertigo3:

Spitzer and a prostitution ring?

Get a load of this.

CNBC just alluded to it, I put it into google and came up with this url

http://www.nytimes.com/2008/03/10/n...d828c78d717f5b&ei=5088&partner=rssnyt&emc=rss

I wonder if Spitzer will do a Marion Berry: "Bitch set me up"

 

[MandelbrotSet]

Quote from regal_2012:

blackguard's rule of 12 anyone?

what is that exactly?

after trying to buy the last 11 dips and suffering catastrophic losses, you finnally catch the 12th one for a 2 pt profit?

 

[mbusch]

Quote from vertigo3:

Spitzer and a prostitution ring? Get a load of this.

Interesting turn of phrase there. :eek:

 

[vertigo3]

saliva,
You made me wonder so I did some internet research and found . (only because I have always considered the narrowing ascending formation outlined in my chart as a bearish wedge as, well... bearish.

Technically it is a bearish wedge, no matter where it forms relative to recent price action. could form after a sustained lift, can also form as kind of continuation pattern in a downtrend

this url has examples, the bearish wedge examples start after the bull wedge examples

http://www.chartpatterns.com/wedgecharts.htm

I think your observation that it is a bear flag is legitimate, too.

I pay attention to them. They don't always work-out.

but saliva, I have a question, If you do not employ TA, how do you decide when to buy and when to sell?

best of trading to all.

 

[vertigo3]

LOL, mbusch

TV reporting high end call girls at the ring were going for $5500/hour. That's the kind of a bill that is more easily paid with someone else's money. (maybe that could be one of the angles in the potential case).

OK, I am through with the off topic.

 

[mbusch]

$5500/hour? Good grief!! I've got to tell my wife about this...

 

[saliva]

Quote from vertigo3:

saliva,
this url has examples, the bearish wedge examples start after the bull wedge examples

http://www.chartpatterns.com/wedgecharts.htm

but saliva, I have a question, If you do not employ TA, how do you decide when to buy and when to sell?

Thanks for the pointer. I guess there's no end to learning. BTW I do use TA. I'm just not a big fan of patterns. I, on the other hand, follow the rhythm of the market like the flow of water between your fingers. Hope that answers your question.