ES Journal Archive (2009 - 2010)

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Quote from Jahajee:

Good point.

But, now that they have broken above 920, several times, one would have expected the bulls to race ahead rather than dithering....

The bulls are scared to go higher, they know the bears are waiting patiently to ambush them ...happened several times at these levels. They could hang around 915 to 960 for a day or two but the die is cast - this rally is running on fumes and hope and will be over by Thursday morning, latest.
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Of course, that remains to be seen. I personally think it's the bulls that are ambushing the bears at this point by using the classic "wear and tear" approach. Anyway, I'm more concerned about the likelihood of ending another day of narrow range than about 918.
 
Soccer coach: Hey Mr. Adu, have you done your exercises today?
Adu: Yes coach...
Coach: Let me see... Top at 10 am?
Adu: Check
Coach: Bottom around 11 am?
Adu: Check
Coach: Midday top between 12-12;30?
Adu: I was a bit late on that one...
Coach: OK, afternoon bottom between 1-2 pm?
Adu: Check.
Coach: Rally into the close?
Adu: In progress...

Coach: good man, good man....

Pic of Freddy Adu and Coach:

adu1.jpg
 
Nice Pekelo, how often do you see that happen???

Soccer coach: Hey Mr. Adu, have you done your exercises today?
Adu: Yes coach...
Coach: Let me see... Top at 10 am?
Adu: Check
Coach: Bottom around 11 am?
Adu: Check
Coach: Midday top between 12-12;30?
Adu: I was a bit late on that one...
Coach: OK, afternoon bottom between 1-2 pm?
Adu: Check.
Coach: Rally into the close?
Adu: In progress...

Coach: good man, good man....

Pic of Freddy Adu and Coach:
 
Quote from trackstar:

thought ADU was ALL DAY UP?
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It is just a name (actually a missnomer), don't hang up on it.
I see it everytime when Freddy practices! :)

By the way it can be seen better on the NDX chart, that one didn't go down that much midday and we actually have a new high on it...(as it should be)
 
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