ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
This is an aspect of markets I may never understand and that is the "you never know" part.. At about 10:22 the about face completely shocking.. had a short at 1839 NQ I covered at 1832 thinking after such "strength" an immediate endless decline cannot occur so easily..

This must be where internals come in which I don't use.
 
ES still unble to break last weeks post jobs report reaction high by more than a point. If we take out that swing high now I will look for an 8-10 point squeeze higher. Today's first hour takes out last Friday's reaction low by a smidge as well. I think it will be a powerful bo range either way.
 
Quote from Rashid_G.:

This is an aspect of markets I may never understand and that is the "you never know" part.. At about 10:22 the about face completely shocking.. had a short at 1839 NQ I covered at 1832 thinking after such "strength" an immediate endless decline cannot occur so easily..

This must be where internals come in which I don't use.
More...

There was a totally random, utterly irrational, and usually untrustworthy bounce off a Dow retracement of the last big move. Unverifiable as valid by backtesting. You believe that voodoo bullshit? Somebody did.
 
Status
Not open for further replies.
Back
Top