ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from NoDoji:

Schiz drew a nice trend line there to explain the gap, but once you add these additional lines based on the price action you can see that there is really no clear direction to the market at this point.
Well, I surely haven't learned about that pattern yet! :p
 
Quote from NoDoji:

What determines the gap on the open at a particular price. Why did it open at 1125.25 instead of 1108.00 or 1115.00 or 1130 or 1090 for that matter?

Best I can tell it was at this confluence of a TL (also Schiz's?) and this fib left over from last Thursday.
 

Attachments

Quote from NoDoji:

Schiz drew a nice trend line there to explain the gap, but once you add these additional lines based on the price action you can see that there is really no clear direction to the market at this point.

Looks like the horse is drooling.
 
We've drooled 40 points since the Friday close. That's some expensive spit, if you ask me. Speaking of spit, where's saliva when you need him? :D
 
Status
Not open for further replies.
Back
Top