Check out the 5' ES chart
#1
Posted 28 December 2006 - 02:51 PM
Mark S Young
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#2
Posted 28 December 2006 - 02:55 PM
Since the "right shoulder" is just a tiny bump on the 60 min, it may not be much meaningful. Or something is missing here.I don't think I can remember a more symmetrical day of trading. It's also a very pretty little (stress little), H&S pattern.
It looks Bullish, so it's probably ST Bearish, but we'll have to see.
Mark
(still on "vacation")
Edited by redfoliage2, 28 December 2006 - 02:56 PM.
#3
Posted 28 December 2006 - 09:21 PM
#4
Posted 28 December 2006 - 10:00 PM
Edited by spielchekr, 28 December 2006 - 10:03 PM.
#5
Posted 29 December 2006 - 09:50 AM
I don't think I can remember a more symmetrical day of trading. It's also a very pretty little (stress little), H&S pattern.
It looks Bullish, so it's probably ST Bearish, but we'll have to see.
Right about this posting would have been a good short. Take away? Look for really obvious patterns and fade them in thin markets.
Today should be dead.
Mark
(Now sick and still on vacation)
Mark S Young
Wall Street Sentiment
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