On the way up since 78, we've had bursts of volume on 2 pt intervals, which indicates this is being powered by stops rather than genuine buyers. Once it's all done (connect the previous 2 peaks this week and the chart indicates we are very close to a key resistance, which, believe it or not is at around 83.75 again!), we might start going down just fast as we've come up. Internals are still a bit shaky so this isn't the time to go long for a small trader like me. If big institutions want to push it up from now on to make this a trend day, so be it.
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ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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If the bulls hold it here, the shorts may be forced to cover by EOD
Quote from athabasca:
On the way up since 78, we've had bursts of volume on 2 pt intervals, which indicates this is being powered by stops rather than genuine buyers. Once it's all done (connect the previous 2 peaks this week and the chart indicates we are very close to a key resistance, which, believe it or not is at around 83.75 again!), we might start going down just fast as we've come up. Internals are still a bit shaky so this isn't the time to go long for a small trader like me. If big institutions want to push it up from now on to make this a trend day, so be it.
9/18 and shallow retracements still says trend
athas top, supp line is 118.38Quote from athabasca:
On the way up since 78, we've had bursts of volume on 2 pt intervals, which indicates this is being powered by stops rather than genuine buyers. Once it's all done (connect the previous 2 peaks this week and the chart indicates we are very close to a key resistance, which, believe it or not is at around 83.75 again!), we might start going down just fast as we've come up. Internals are still a bit shaky so this isn't the time to go long for a small trader like me. If big institutions want to push it up from now on to make this a trend day, so be it.
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Quote from jjj1000:
Volente, you are in a hot streak. Thank you for your posts, and thanks for all people posting here, ammo, eko, fat, etc.
PPt working at full force. Greece is going down quickly. It's going to be interesting to follow up the facts in the next weeks.
You're welcome.
9/18 trying to cross
Have to get more than a 2 point pullback to make it happen
If it does first support is 79.5
second comes in around 77.25 which is also the 50% of the days range
Have to get more than a 2 point pullback to make it happen
If it does first support is 79.5
second comes in around 77.25 which is also the 50% of the days range
Where's RDT and his "GET THE F@$K OUT" CRY?
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