ES Journal Archive (2011)

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Quote from Picaso:

Well, you could have said that 3 bars ago... :D :p

Yes, I saw it, but I was expecting some chop (30-40') to be honest... :(
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Actually, I believe I wrote earlier how a test of 19 would be normal and expected. Have to watch the post count:)

Higher lows now, maybe this is it then. Or chop chop before the next wave of selling?

gmst: Thanks. Definitely looks like the euro is consolidating here.
 
Quote from Laissez Faire:

Actually, I believe I wrote earlier how a test of 19 would be normal and expected. Have to watch the post count:)

Higher lows now, maybe this is it then. Or chop chop before the next wave of selling?

gmst: Thanks. Definitely looks like the euro is consolidating here.
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Quote from tomahawk:

Guys bear in mind 1187 is possible today. We saw a couple 2-day drops of 100 pts back in early August. This hasn't yet retraced 50% of the big October rally.
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greece giving decision to the people is a scenario that wasn't brought up in the meetings,i doubt the bernanke hanky panky can control that
 
Quote from Laissez Faire:

Still respecting 19,25. Setting up for a breakout or reversing from here?

Euro looks like it`s drifting higher from here. Perhaps some retracement is due.
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Unless it can rally more than 10-12, or wherever the p/b channel top is, I'd say new low by EOD.
 
Quote from tomahawk:

Unless it can rally more than 10-12, or wherever the p/b channel top is, I'd say new low by EOD.
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I say that I hope you`re right. :)

As long as we`re trading under the 50%, I consider the bear in control (although they`ve been all day considering the gap open).

Mini-trend line break now.

I would however be concerned if we took out the 50%, although I`ve seen us trade above it only to reverse later, so it`s not always a good indicator, but definitely worth watching. Depends on the pattern, I guess :)
 
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