ES Journal Archive (2011)

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I am inclined to think the Egytians are settling down again sipping their camel coffee (Starbucks, of course)...so oil is continuing to take a dump...and we have an 'orderly' modern day uprising...the 'Brotherhood" is contained...:)

Would not want to be long over the weekened anyway...just in case Obama says something...:D

NiN
 
this 4 hour chart shows that we should see a push down. a push to new highs followed by a candle that engulfs it while i an uptrend, more often than not, spells weekness.

Very very basic pattern.
 

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Normally when we see this many tails, and the market hasn't pushed up yet, this isn't a good sign for bulls. If the market manages to pull through here and make new highs, its just another sign that the market is on crack.
 

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Quote from Laissez Faire:

I`m joining you, ammo, but with a lesser target :)

Short @ 1302. Stop @ 1304. Target 1299.
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Stopped out @ 1304. I certainly hope it was not at a new swing high.

The negative TICK readings (or lack of high readings) does not invite confidence for a long on my part. Only 3 sectors in the green at the moment.

The close above and acceptance of 1303 is however encouraging for the bulls.
 
Quote from ammo:

short 1302.5, target 87- 84,will add up to 1311,how many want to hold long over the weekend
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Fighting the dragon, I see.

By the way anyone uses Williams %R to enter with the trend? For those who missed my post around 11 am, there was a nice long signal at 12:10 on the pullback....
 
Quote from Pekelo:

Fighting the dragon, I see.

By the way anyone uses Williams %R to enter with the trend? For those who missed my post around 11 am, there was a nice long signal at 12:10 on the pullback....
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thats if you were able to correctly identify it as a pullback. I was thinking it was a pullback before more of a move down. I was incorrect, but I didnt trade it, so its all good.
 
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