wouldn't 666 be a sweet "bottom"
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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well that sucked
Still looking good.
of course I covered 20 cent
That's my favorite golf quote, especially after ripping one 325 dead straight off the first teebox while the newbies stand there with glazed eyes wondering if they still wanna play a round with you.
650 to 820 sounds good to me. Coincides with the previous % bear market rally as well.
88.25 on the dx
Hey there,
I was being a bit facetious--hence, my "drive for show, putt for dough" comment.
We daytraders know that the real money in this business is made by grinding out a living day after day, just like golfers know that putting is more important than driving long. Picking a bottom is "for show"; grinding out a living by daytrading is "for dough".
That said, for the first time in months I have been buying stocks in my IRA. I will add more if I have the opportunity.
There will be bottom sometime, and price action would dictate that resistance would be right by the bottom of the opening range for the year.
Mark Fisher has an interesting section in his book THE LOGICAL TRADER about opening range for a six-month period. The first two weeks of January serve as the opening range from January-June 30. Interesting enough, the open gap at 820 is right by the bottom of the opening range for 2009.
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