ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Nothing is ever what it seems.
Personally I'm looking at some greedy nervous shorts that will in time fuel this to 1350.
Today is the 2nd chance to go long - by wave's method 
dont mess with blackguard,he's back with a vengeance
http://www.elitetrader.com/vb/showthread.php?s=&postid=2030734#post2030734
that post was made on friday at 2:25PM when the market was at 1294 and change
now we are sitting at 1262 at 1010AM EST
thats 32 points in 2 and not even a half a trading day, with a six point drawdown.
not too bad
http://www.elitetrader.com/vb/showthread.php?s=&postid=2030734#post2030734
that post was made on friday at 2:25PM when the market was at 1294 and change
now we are sitting at 1262 at 1010AM EST
thats 32 points in 2 and not even a half a trading day, with a six point drawdown.
not too bad
The trend is down on weekly, daily.
But in terms of time spent on going down ... gives us a huge oversold condition across many timeframes.
Usually that means we have many down days, and a few up days in between that wipe out the shorts until the oversold conditions are neutralized.
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