ES Journal Archive (2009 - 2010)

[saliva]

Boyz, I see an inverse "Arby" pattern. Anyone care to interpret what that might mean?

 

[Jahajee]

Quote from Jahajee:

ES 5minute
double bottom with resistance at 823/825

Stiff resistance zone from 838 to 845. If it can break above this then the next target is the 860 area

 

[saliva]

Quote from wave:

saliva, no offense but we both know nuttin, it's the system that wins not you or me.

If so, why are you shorting when you believe "the system" is suggesting otherwise? Whatever happened to 926?

 

[Jahajee]

Quote from Jahajee:

Stiff resistance zone from 838 to 845. If it can break above this then the next target is the 860 area

.....and if it fails then the bears can take it down below current LOD @ 812.75

 

[Sha10105]

there is no way the bears are gonna lose this. they will bring this thing back down with authority..

 

[ammo]

out 35.75

 

[wave]

Quote from saliva:

If so, why are you shorting when you believe "the system" is suggesting otherwise? Whatever happened to 926?

There is no problem with being long, covering, goingn short and then long again. Markets don't move straight up or down, now I know you knew that.

 

[wave]

Quote from Sha10105:

there is no way the bears are gonna lose this. they will bring this thing back down with authority..

This is why most will never make it in this biz. Not to pick on you, just using example. So much of this goes on here. And yes I have been guilty of this in the past. It's all a learning experience, you gotta get out all the crap out of you then you will be well on your way.

 

[Jahajee]

buy stop ES @ 842.50 ( just above HOD)

 

[freehouse]

NDX/QQQQ just touched the top of the channel from 1/6/09.

Question is will we finally break out to the upside?