Something odd is going on
#1
Posted 29 March 2007 - 12:48 PM
#2
Posted 29 March 2007 - 12:53 PM
In the 8 yrs I have traded the ES we have never had ten moves thru my "Goose line" over a 2 day period. Sometimes you get 2 maybe 3.......never 10.
95% of the time that number marks bearish/bullish. Long above, short below.
Either somebody is holding her up or somebody is holding her down. FWIW, my stop on the 1427 buy yesterday afternoon is 1424.
When I don't undersatnd whats going on I watch, no more trading for now.
has there been more good news or bad news the last several days??? I say there has been more bad news and and that is the machination holding it down. Bears will give in soon
#3
Posted 29 March 2007 - 01:13 PM
In the 8 yrs I have traded the ES we have never had ten moves thru my "Goose line" over a 2 day period. Sometimes you get 2 maybe 3.......never 10.
95% of the time that number marks bearish/bullish. Long above, short below.
Either somebody is holding her up or somebody is holding her down. FWIW, my stop on the 1427 buy yesterday afternoon is 1424.
When I don't undersatnd whats going on I watch, no more trading for now.
has there been more good news or bad news the last several days??? I say there has been more bad news and and that is the machination holding it down. Bears will give in soon
Things do seem wierd; For all of the energy being spent in the futures arena It's not moving
too fast; unusual.
#4
Posted 29 March 2007 - 01:15 PM
#5
Posted 29 March 2007 - 01:25 PM
Edited by Cirrus, 29 March 2007 - 01:28 PM.
#6
Posted 29 March 2007 - 01:30 PM
Big move is coming
8 fresh lows on the day.......jab, rally, jab,rally, jab, rally......
Big move is coming
sorry, forgot to add.........
Look at the flag pattern intraday
#7
Posted 29 March 2007 - 02:30 PM
8 fresh lows on the day.......jab, rally, jab,rally, jab, rally......
Big move is coming
8 fresh lows on the day.......jab, rally, jab,rally, jab, rally......
Big move is coming
sorry, forgot to add.........
Look at the flag pattern intraday
What I notice is the financials where doing well relative to the rest of the market. Instituions selling
first what they don't want and then buying the market? EOM 401. EOQ window dressing.
#8
Posted 29 March 2007 - 02:47 PM
Look at the flag pattern intraday
where's your breakout? thanks