ES Journal Archive (2011)
- Thread starter Buy1Sell2
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going into election year
going into bullish season
significant sell off already occured
most are calling for lower lows
large unfilled gap yesterday
there are cases for up from here.
bear case is h & s that everyone is seeing and a slowing economy among others. But...one cannot discount the fact that as humans, we tend to figure stuff out.
I agree, but...
5' <> 60' <> daily <> mid-term <> long-term
The global trend is likely to stay down, but there will be days where the money will be (intraday) to the upside
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OK, so...
1) Is that a failed test and we go up, up, up from here?
2) That was all she said and now longs start closing while they still have some profit before the EOD and weekend?
3) We chop around 1125 +/- 5 points?
Looking like you should've stuck with your original target. Why did you move it?
For one reason, you just got stopped out.
For another, previous HOD was 1134.25, so we went a couple of ticks above it then reversed. Just enough to run the stops before heading back down.
I was wondering if there was a technical reason (other than greed, which is fundamental) that you changed what turned out to be a valid target.
For another, previous HOD was 1134.25, so we went a couple of ticks above it then reversed. Just enough to run the stops before heading back down.
I was wondering if there was a technical reason (other than greed, which is fundamental) that you changed what turned out to be a valid target.
FWIW I'm short from 28.50 from earlier in the day, looking for 20.25 to exit.
Maybe we'll both be right, we'll know soon enough.
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