Quote from Pekelo:
But some people are allowed to peek!
You just posted that right after I had a 2 ways perfect prediction.
Pride goes before a fall, said King Solomon, and the grizzled trader.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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Pride goes before a fall, said King Solomon, and the grizzled trader.
Not saying its going to happen but we seem to be at a do or die level for the market. And since we came down and closed the gap from overnight, we have POSSIBLY set ourselves up for some type of tide turning rally. Granted I am not saying it is coming but the big technicians (on longer term timeframes) will be watching this and IF it holds, technically we dont need to come back down to fill the gap.
That being said I am skeptical but I am cognizant of it and and currently long from low 800s.
For the journal I am long at 805. Stop is now at break even.
That being said I am skeptical but I am cognizant of it and and currently long from low 800s.
For the journal I am long at 805. Stop is now at break even.
If we get above 14-16, I think we can get back to mid 800s quick, that would be a stretch for today but I do think we take out the highs.
If anyone is good at daytrading you can trade the financials - short and long. Good range, fast moves. Except for a few ES trades, I have been trading financials only since last week. UYG is now at 2.95 - look for 25 to 50% in a week or two, same for XLF at 8.50, JPM at 20.11, AXP at 16.21
In tech, DELL at 9.86and INTC at 12.73
Will trade ES after lunch - markets choppy and skittish.
In tech, DELL at 9.86and INTC at 12.73
Will trade ES after lunch - markets choppy and skittish.
Quote from Pekelo:
No, so far this is a perfect ADU (with a gapclose), 10 am top, 11 am bottom, currently in the up phase...
Scholomon was a good friend of mine...
ADU is a time line.
Thus from 11:30 to 12:00 formed a top and then selling to abyss by 1:00 pm is still ADU
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