ES Journal Archive (2009 - 2010)

[Lawrence Chan]

From 38 to 41 a top must form or we will see much higher prices in the afternoon.

 

[angel_king]

still looks like cup and handle

 

[angel_king]

lot of volume on that one bar

 

[candeo]

Quote from Lawrence Chan:

From 38 to 41 a top must form or we will see much higher prices in the afternoon.

Could you please explain?

 

[ammo]

Quote from ammo:

sh 38

add 43

 

[angel_king]

then we looks on the BIG picture and we notice that price is about to touch the upper trend line and reverse,

and we waits for confirmation on that too,

but I could be wrong, because the trend lines and patterns are in my imagination that I am sharing

 

[gobar]

30 min stoch and MACD both r showing +ve divg

 

[angel_king]

stochastic and macd are LIARS!

get that crap off your chart before you get hurt

 

[gobar]

on 5 min chart isnt that falling wedge?

 

[angel_king]

current correction looks like a bull flag, unless it sells off, and then it isn't a bull flag.