ES Journal Archive (2011)

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Quote from zjulian104:

Depends. If it were a newly made high, maybe. To control the bounce bears have dominated sell stops at 1202 and 1003 since before the teach bubble burst.

If I had time to count the passes at 1200 I'm certain I'ld discount it as worth a damn.
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Dude, really??

For your first post you should put a LITTLE EFFORT into correct spelling!! And getting the numbers right would help too.

Not breaking balls here, but come on.

Welcome to ET... :eek:
 
Quote from mastacoli71:

Wow, take a look at 60 min chart. Red candles all the way down, from 1230.75. Been a long time since I have seen something like that. I hope everyone made some coin today. I am still short one.
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Hourly looks like a bullish flag.
 
Quote from mastacoli71:

Wow, take a look at 60 min chart. Red candles all the way down, from 1230.75. Been a long time since I have seen something like that. I hope everyone made some coin today. I am still short one.
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Short another from 1190.75
 
If shorter term EMA's can get below 200 SMAs on 60 min, we could see a nice down draft. I fought the same thing short on the way up and it was a battle, will not fight it this time as much as I lean to the contrarian side.
 
Quote from JoshDance:

?
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JD, sorry this reply was meant for another in another forum on another website. Have a couple windows open at all times sometimes get them mixed up lol.

sorry.

Hopefully we'll all have a great trading day today!
 
Quote from JoshDance:

Assuming you mean a bear flag.

http://screencast.com/t/x35etwXdPuuq
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I did mean bullish flag. I used the SPY chart, but if you zoom out to see all hourly candles since Oct 5 you see that strong uptrend followed by a tight orderly pullback. Perhaps there will be something encouraging to the markets in Bernanke's 1:30 speech. But I recognize this thread is about calling trades so I will butt out.
 
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