ES Journal Archive (2011)

[tomahawk]

Quote from Laissez Faire:

Interesting that we are now meeting resistance at Friday`s high to the tick using the cash close.

An objective level if there ever was one.

Coincidence? ... 51.50 got blown through on today's open, and on the way down as well.

Just sayin'.

 

[ammo]

Quote from Laissez Faire:

Interesting that we are now meeting resistance at Friday`s high to the tick using the cash close.

An objective level if there ever was one.

if it were res we should have started a pullback,so far ...not

 

[ammo]

sh 49.5, out 52

 

[Picaso]

and

 

[Laissez Faire]

Quote from tomahawk:

Coincidence? ... 51.50 got blown through on today's open, and on the way down as well.

Just sayin'.

I observed that myself and it may very well be random now, but I have observed that levels can get slashed right through only to get respect at a later time. I guess it may also be a function of volume and who`s active in the market at that point (grossly simplified higher time frames vs day traders).

That said, I`m always doubting myself and it may very well be random.

Quote from ammo:

if it were res we should have started a pullback,so far ...not

I did not say it was a top, only short-term resistance. Did not trade above it for half an hour and that`s resistance in my time frame.

 

[ammo]

sh 53.5 offer 55 .....add 56

 

[Picaso]

Quote from Laissez Faire:

That said, I`m always doubting myself and it may very well be random.

Don't doubt yourself, LF, you've shown to have a good understanding of the market and never post BS.

---

I'd say it wants higher

 

[ammo]

Quote from Laissez Faire:

I observed that myself and it may very well be random now, but I have observed that levels can get slashed right through only to get respect at a later time. I guess it may also be a function of volume and who`s active in the market at that point (grossly simplified higher time frames vs day traders).

That said, I`m always doubting myself and it may very well be random.



I did not say it was a top, only short-term resistance. Did not trade above it for half an hour and that`s resistance in my time frame.

was short and looking for a turn,watching the 5 minute bars seemed like an eternity,was at 50.5 time of that post ,should have covered there on the bad feeling,when you sh res and it doesnt pullback,it's probably not res

 

[macho grande]

that "DOM" crap is so 90's..

 

[Picaso]

Don't know if the spike was due to this

Anyone?