ES Journal Archive (2009 - 2010)

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Quote from EON Kid:

I'm guessing Austin does not back test :eek:
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no, never. all that stuff about control-bar confirms for price turns is off the top of my head... or pulled out of somewhere :D

whatever one makes work for themselves. I'll refrain from comments about anyone else' tactics but my own... plenty of ways to skin or get skinned in this game we play.
 
The break of 94.50 is key.

Remember two things:

Where markets want to go and where they should not go. When it goes where it should not, we simply have a new wave or trend.

Now back to the Johnny Cash music.
 
Quote from Pholeuon:

Bottom of channel is about 70 for now (we are in uptrend channel)
until we can get there it will be few points higher.
Startraitor is right.

I am not saying that we will get there but any trader should be aware about bottom of channel. Top of channel for now is about wawes 09.l
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I agree with you on virtually every point. I just don't see 70-75 today. I may be wrong, but I just don't see it today.
 
Anybody else thinking about possibility they windrow dress the snot outta this into the close? Ya know, close out the month above that pretty 200DMA.
 
Yes, it looks to me very unprobable. I think we will end somewhere close to top of channel. However fearing this relatively big potential downside it is difficult for me go long and short is against my feel for today. So I am sitting on my hands for now.


Quote from Eko_Trader:

I agree with you on virtually every point. I just don't see 70-75 today. I may be wrong, but I just don't see it today.
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this month had to scare the sh out of longer term investors,it would take a big rally to get there confidence back,don't know if they can push it up with people selling into rallies trying to get out,today maybe for end of month and at night in ah
 
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