ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
Completely stomped by this move.
LC & Wave, what do you guys see on the horizon?
LC & Wave, what do you guys see on the horizon?
It's a choo choo. On monthly chart October was a bearish Hammer with tail top at around 1102 SPX, it is getting negated by December's close. So I didn't really understand Buy1Sell2's reply regarding not convincing enough price action, it pretty much swallowing any bearishness in stocks.
Prices are being manipulated until the end of the year and could easily reverse. When prices are being artificially manipulated and controlled, it could reverse quickly. We've had a one-way market since March with a brief interval in July and when people start to see how 'rosy' things are, it'll be too late for most.
Why do you suggest that it is manipulated? Because it ain't going down as we want it to? Volume in box 1 pre-crisis time was less than what we are seeing now in box 4. Market conditions may change, but I now fail to see where manipulation comes from if volume is present, do you see professional analysts calling for another market crash because it is manipulated?
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2686379>
Breakout is clearly visible on this chart also (6 index composite)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2684086>
I said the test of 14 area will tell if further downside is in the cards.
Well, not the usual kind of test so far.
Last week's 50% test resulted in a bounce, now a test of previous week high/close again. =)
I am waiting for the close for year 2009 to determine if we are going into a yearly neutral stage or bearish stage.
B1S2 uses ocillators. As the pull backs we have seen on daily level is not quite deep enough based on various osc, he may sit out of a drift up should that occur into new year.
exited half at BE 23.25; putting it back out at 27.75 if we get there... oh well. edit: stop on half 30.75; other half 37.75Quote from rock34748:
trying not to be greedy, looking for 1113 within the week.
edit: save B1S2 the trouble, ignore for journal, no live trade posted.Hope all are enjoying the holidays.
Where is the dude that farts in the tub and stops up the drain?
- Status