ES Journal Archive (2009 - 2010)

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Quote from NoDoji:

You seem to have an uncanny gift for picking key reversal zones. Why are you playing for one point instead of letting your long positions move to where you are next looking to short, and vice versa? You were long one tick from the LOD and it's now 10 pts from there, price never even peeked over its shoulder after your fill.

I was thinking the same thing
 
reduced with falling volume since beginning of this rally on feb 5, mcclellan peaked on 3/23 and falling slowly/ slow stochastich above 80 since 4/05,broken res now support or at least a retest is 118.55...thats a longer term trendline,that means stronger resistance or support,not calling a top but you can see why investors are reluctant to add or initiate longs here
 

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reduced with upper tl at 98 and lower at 80.5, and price levels at 88 and 83,84,85 area ,lower tl, 80.5,just about everyone is chanting 1200 1225 is in the bank, tommorrow, ben speaks at 10 am est,could get a fed day type volatility , these rallys seem stifled edit ..nice little volume spike today also
 

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