Finally a new LOD but in such an unexpected way. What you can say?
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
Finally a new LOD but in such an unexpected way. What you can say?
most of the markets are retracing their trends...(monthly mean reversions)
the equity market will soon enter its own phase of retracement..
I begrudgingly concede to the fact that yesterday was a draw. But it could have closed at the low were it not for Uncle Sam. Then we would have definitely been under water today. Regardless, we didn't fare all that much better today despite all the hypes and hooplas.Quote from volente_00:
Now where were we ?
in response to my earlier reply to his: Vol, my dear friend, we'll continue our good conversation after the close.
I still stand by what I said yesterday, namely, we will retest the November low within the next 10 days (well, next 9 days now). Of course, next Monday doesn't count in that number.
money to be made today by 10:30.............nq es........forget times.......take the points....find the magic #'s....use the century, 1/2 and 1/4 and yes the 1/8 many times ....if one must depend on key prices instead of knowing what the candles are telling you with the ability to read the bar patterns that work 90% of time........ learn to read at key positions .... traps etc....buy low sell high with trend... channel change....trade channel up channel down that is trend...higher lows/highs....vice versa for trend....if one requires a manuscript to trade then one is lost in the maze...
money to be made today by 10:30.............nq es........forget times.......take the points....find the magic #'s....use the century, 1/2 and 1/4 and yes the 1/8 many times ....if one must depend on key prices instead of knowing what the candles are telling you with the ability to read the bar patterns that work 90% of time........ learn to read at key positions .... traps etc....buy low sell high with trend... channel change....trade channel up channel down that is trend...higher lows/highs....vice versa for trend....if one requires a manuscript to trade then one is lost in the maze...
friday super slow market....not es or nq...es gave 3 big money runs friday...........1 contract....end to end gave 42 total es points end to end....1 contract....that is $2100.00....capture 1/2 of that with more cars......... ....slow...bad market? surely we could not miss that??? use a simple 45 degree line right vol? i buy u books, send u to school, and u chew the covers off the books....
porges back the lows must be near.i see a 30-40% rally sometime in 2009. i started my long term small nibbling of high quality stocks down 80-95% last week. the 6k's in the next few months are possible and thats were i get very agressive to the long side. during this whole bear move down which has lasted around 14 months now we haven't had one mega rally of 30% in the spy's which even during the 30's they had. the coming months is a great opp to get long for a few months time frame. if we break massive hard to new lows and crush threw them it could even market the lows of this bear market for a long while. i still believe we're in a japan type mkt for the next 10 years but there will be some huge long date bull moves along the way
- Status