ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
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F11, I get the impression you're not a cerebral lightweight. So why don't you please add some analytics to support your 1150 claim. It'll be kinda impressive if you're right. It'll even be very impressive if you provided analytics AND were right. So how about it, buddy?
If this chart ain't bullish, I don't know what is. It's sitting above the 85 resistance, AND above the trendline with nothing but open air above. However, the fact that it's been stalling in that 86 level for the past 4 hours...allowing longs to pile in is a bit perplexing.
To elaborate a bit more, a strong move in line with the prevailing trend like yesterday's occurs near the top before a big reversal. An example would be the last time we sold off in January -- we had a triple top, had an initial sell off on the 20th which reversed hard and in the next morning it even looked like it would continue to go up with a decent gap up and a high advancers count, but by the end of the day we were down 20 points. Happens again and again from my observation. So at this point, I'd make sure I'm not being conditioned by market moves to fight a new trend once that one emerges.
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