ES Journal Archive (2009 - 2010)

[ammo]

Quote from volente_00:

Does it not concern you that we printed a new 52 week closing high today ?


Odds are we grind up before announcement.
Check the prior history for past year.

i see a poorly built crane that keeps getting taller with a masssive weight hanging on it, and a doubletop, other than that 2 minute blip fri morn,triple top in trans and google turned hard today, and an h n s in spy hourly

 

[ammo]

heres a crude mp chart starting feb 5 on top of a bar graph, 3 big gaps left open in 26 days of trading, we pulled back to the 36 area and went back up without making a new high , i think we fill to 26 and then quickly to 1112-09 area, the 36-50 area and the 1090-1110 are much wider than the 36-12 area making it one big cleavage

 

[F112358]

Buenos dias. "Outlook not so good". (From the 8-ball).

 

[FattBurger]

Trends are made up of higher highs and higher lows, or lower highs and lower lows. Yes it really is that simple.

Put the odds in your favor by trading in the direction of that trend. I don’t think anyone would argue that the trend for the moment is up.

What I see going on here is people trying to call tops, a very poor strategy. Topping patterns should be looked for on weekly charts.

How many head & should top patterns have you seen fail on a 1 minute chart in the last two weeks.

 

[FattBurger]

SPY 1 minute chart showing the most recent leg up making a higher high on the daily.

It's a steep advance but the safest trade is to wait for a pull back and trade in the direction of the major trend.

If you want to gamble, then short it. But all your doing is feeding a bad habit.

 

[FattBurger]

Quote from ammo:

i see a poorly built crane that keeps getting taller with a masssive weight hanging on it, and a doubletop, other than that 2 minute blip fri morn,triple top in trans and google turned hard today, and an h n s in spy hourly

I'm afraid you can't see the forest for the trees. - He often can't see the forest for the trees and needs to have the most relevant points explained to him.

 

[OTCkrak]

Quote from FattBurger:

SPY 1 minute chart showing the most recent leg up making a higher high on the daily.

It's a steep advance but the safest trade is to wait for a pull back and trade in the direction of the major trend.

If you want to gamble, then short it. But all your doing is feeding a bad habit.

i see the same trend, but from my experience.. just when its very obvious to continue in one direction the market turns..

pullbacks only happening intraday is troubling for bears. im looking to fade a big push up

 

[OTCkrak]

8:27est

im just guessing that housing starts will suprise to downside.. cold winter and plenty of used inventory.. who the hell has money to be buying a new house anyways.

the market may trade this up though

http://www.cnbc.com/id/35887306

 

[FattBurger]

Quote from OTCkrak:

i see the same trend, but from my experience.. just when its very obvious to continue in one direction the market turns..

pullbacks only happening intraday is troubling for bears. im looking to fade a big push up

Please explain from your experience when it was obvious to you, and when the market turned.

 

[OTCkrak]

Quote from FattBurger:

Please explain from your experience when it was obvious to you, and when the market turned.

tongue and cheek i see "fakeouts" all the time.. what i meant to say is that when everyone is long.. need to start thinking about looking short.

no one expects the unexpected, right