ES Journal Archive (2006 - 2008)

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Quote from pulsescan:

well let me put it this way: the cat has been thrown from the 15th story window (yesterdays high) and has already bounced from the the concrete pavement (this mornings high) and is now about to be run over by an oncoming vehicle which has no breaks because the breaks have been tampered with (the Fed interfering with the free markets) and there are no more speed bumps (lower interest rate cuts, no matter what they say the Fed will not lower rates to zero) to slow down the speeding mack truck carrying corrosive unstable hazardous exlposive material, there are only traffic cameras to record what is about to happen (historic sell off i.e. the biggest market crash in U.S. history) so get your cameras ready this mkt rally aint gonna last long. :D
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oh i forgot to add that if the YM takes out the lows then the above is in play.
 
Quote from pulsescan:

oh i forgot to add that if the YM takes out the lows then the above is in play.
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RTH only oscillators are all messed up due to the huge gap ...

Not sure if size players still consider this as a "pull back".
 
Quote from Lawrence Chan:

RTH only oscillators are all messed up due to the huge gap ...

Not sure if size players still consider this as a "pull back".
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yeah ive noticed that about the intraday charts and gaps and periods of extended drifting. i guess we will see what happens next.......3:45pm - 4:00pm close.:confused: :eek:
 
What do we get after a huge rally? Consolidation. Since Tuesday's rally was one of the biggest EVER, it is only natural to have at least 2 days of sideways. Interestingly, if you look at the daily chart, right now we have 2 dojis present after the big up on Tuesday.
 
Seems like someone lost a lot on their long position yesterday ...

Somehow, they average down enough to get out at the current price level.

Edit: Once they are done, there will be no more sellers :)
 
As I said, we have a replay of Tuesday. Only difference is that the gapclose took an hour longer, thus today's ADU goes by Central time! :)

If you move today's chart to the left by 1 hour but leave the time the same, you get the perfect ADU timeline...
 
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