ES Journal Archive (2006 - 2008)

[ammo]

friend over at ptv-investing.com has it going back to 1440 one more time,june 5,7 and 15th are major cycle dates ,he's pretty good on these cycle numbers,so i'm following him and not expecting downturn before that time

 

[ammo]

also using dj transports as an indicator for spus,great lead confirmation with spus

 

[vertigo3]

B1S2,
can you offer any objective insight as to your bullish assessment?

 

[Buy1Sell2]

Quote from vertigo3:

B1S2,
can you offer any objective insight as to your bullish assessment?

Daily trend is up. Short term intraday charts basing. 240 st6ill down, so not fantastic, but it's the best long of the day so far.

 

[mbusch]

Quote from Buy1Sell2:

Daily trend is up.

Do you consider the daily trend always to be either up or down, or is there a third alternative ("flat" or "in transition" or somesuch)?

Do you consider the daily trend to be up until you see a lower low and lower high on the dialy chart?

 

[vertigo3]

crude now $130.65 after poor inventories number. crude over $130 accompanied this morning's swoon (AH too.

 

[Buy1Sell2]

Quote from mbusch:

Do you consider the daily trend always to be either up or down, or is there a third alternative ("flat" or "in transition" or somesuch)?

Do you consider the daily trend to be up until you see a lower low and lower high on the dialy chart?

Answer 1 --trend is always up or down. I do not believe in flat market conditions.

Answer 2-- No. those happen all the time in an uptrend.

 

[Buy1Sell2]

If I could get stopped out here, I would be delighted, so that I could reset with a larger position.

 

[mbusch]

Quote from Buy1Sell2:

[BAnswer 2-- No. those happen all the time in an uptrend. [/B]

If a lower low and lower high doesn't indicate the trend has changed to down, what does?

 

[Lawrence Chan]

next level 1403-1404