Final Hour: Sell-off Or Surge?

Quote from TheDudeofLife:

yikes..what happened...sideways dull all afternoon...I go take a dump..come back and whammooo...
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You and the market took a simultaneous dump, DOL.
 
The ES is exhibiting a gorgeous descending (diagonal) triangle formation. If we break out of the upper trendline tomorrow, it should be a very nice trade to the upside.
 
Quote from Quark:

The ES is exhibiting a gorgeous descending (diagonal) triangle formation. If we break out of the upper trendline tomorrow, it should be a very nice trade to the upside.
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are you sure???:D
 
Quote from ByLoSellHi:

The short-shart correlative.
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We're going to have to install a GPS and thermal tracking device on TheDude.

Don't worry bro...it'll only hurt for a sec :D

Sorry...couldn't help myself.
 
Quote from S2007S: are you sure???:D
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Am I sure it's a triangle? Yep.

Am I sure the trade will work out? Nope.

Am I sure I'll place a buy stop a tick or so above the descending trendline and adjust it during the day as needed? Yep.

Am I sure this is a low risk trade with a clearly defined profit and stop targets? Yep.

Am I sure I'll let the market tell me if I'm right or wrong. Yep.

Am I sure the market won't keep going down on Tuesday? Nope.

Am I sure if it does go down and I don't get filled I'll just wait for another opportunity? Yep.
 
Quote from Quark:

Am I sure it's a triangle? Yep.

Am I sure the trade will work out? Nope.

Am I sure I'll place a buy stop a tick or so above the descending trendline and adjust it during the day as needed? Yep.

Am I sure this is a low risk trade with a clearly defined profit and stop targets? Yep.

Am I sure I'll let the market tell me if I'm right or wrong. Yep.

Am I sure the market won't keep going down on Tuesday? Nope.

Am I sure if it does go down and I don't get filled I'll just wait for another opportunity? Yep.
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Yeah, but are you really sure?
 
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