The crescent moon signature worked out today, eh ? All that pattern esoterica apart, 120-min Full Stoch on ES has a complex bottom, the complexity i have not seen in a while. Will post a chart on my blog later.
Has the rally ended ? I don't see anything technical that suggests that it has. But it could have. It requires some more information (more price bars) to determine that. Until then, it's just someone's gut feel. I know... I know....Having developed trading systems for 5 years, i know what the other chartists/technicians are seeing. Price is touching is a key EMA on the 120-min, which could act as a potential rejection area. Wasn't it the same signature which caused the gap-down and selloff just a few days back ? Yes, that's how one gets trained . Then it was easy, cuz the 30-min trend was still down. But now the 30-min trend has turned up on both ES and NQ. It's a different ball game right now. It won't selloff without a fight here. Gap down and go - i strongly doubt it !
Still holding half of those QQQQ calls. I may not post my exit on those. For sometime, i won't be posting my trades here. No i am not paranoid . I am trying some money management stuff, to optimize my gains. It won't be practical for me to post all those details. Instead i will share some TA and charts, mostly for those interested in VST to ST stuff.
P.S.
Also, i will be trading multiple markets (Gold/Silver, Euro futures). I am bored just waiting for setups on stock index futures. If time permits, i will try to post charts for those markets as well.
Edited by NAV, 27 June 2007 - 10:37 PM.
