ES Journal Archive (2009 - 2010)

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those are inverted hammers and they indicate bullish move i stand corrected.and apologize......spinning top is now formed which is another bullish signal at bottom of run....daily chart
 
what some call inverted hammer on top of run at turn is called a shooting star...and the opposite is the hanging man....he is also bearish at end of run or what appears to be end of run or big retracement.......
 
Quote from porge:

those are inverted hammers and they indicate bullish move i stand corrected.and apologize......spinning top is now formed which is another bullish signal at bottom of run....daily chart
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NP. If we can close near the highs, it will set up nicely for at least a bear market rally. I really think a lot of lose hands where knocked out on that mid day plunge, primarily in the financials which has been the sector moving the markets.
 
Quote from porge:

those are inverted hammers and they indicate bullish move i stand corrected.and apologize......spinning top is now formed which is another bullish signal at bottom of run....daily chart
More...

NP. If we can close near the highs, it will set up nicely for at least a bear market rally. I really think a lot of lose hands where knocked out on that mid day plunge, primarily in the financials which has been the sector moving the markets.
 
still in daily channel down.......might be awhile to form the new channel up.......looking left looks like turn coming but if it does not channel change it is more down coming.......it is a picture full of straws for the hopeful...
 
Quote from porge:

still in daily channel down.......might be awhile to form the new channel up.......looking left looks like turn coming but if it does not channel change it is more down coming.......it is a picture full of straws for the hopeful...
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I do agree and not closing near the high doesn't help either. My call is based mostly on the volume and the move in the financials.
 
have a great weekend have to go feed the catfish.....volente...lake conroe...now you are rubbing elbows with the big dogs....they don't allow folks like me in there.......you went from car body repair to good trader....I hope you are doing fantastic...your friend and neighbor, porgie:)
 
it is a scary thing when most folks see their investment in the markets go south....nothing to joke about or take lightly...govt. is even scarier now...nancy, harry, barney, holder, dodd, and goofy joe biden......and the chosen one.......wow......need to start fresh someday with term limits...
 
I keep forgetting, what do I call this pattern? It keeps showing up, likes bear market very much:

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This is the Dow cash chart, the 3rd bottom overshot by 20 or so points, but signaled the bottom for the day. Height was 100 pts, drop from Failure 120....
 
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