nm.
ES took out yesterday's highs, downtrend pattern broken
Started by
ogm
, Aug 07 2007 10:57 AM
5 replies to this topic
#3
atlasshrugged
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Posted 07 August 2007 - 11:30 AM
nm.
not so fast slim shady!!!
plenty of resistence right here at es 1480!!!
#4
rkd80
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Posted 07 August 2007 - 11:48 AM
nm.
not so fast slim shady!!!
plenty of resistence right here at es 1480!!!
i agree with ogm, downtrend has been broken. just draw a TL that connects previous tops from a week ago and today it was finally broken. 120 min chart 34/8 ema has crossed over and things are shaping up nicely.
“be right and sit tight”
#5
Venatici
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Posted 07 August 2007 - 12:07 PM
nm.
not so fast slim shady!!!
plenty of resistence right here at es 1480!!!
i agree with ogm, downtrend has been broken. just draw a TL that connects previous tops from a week ago and today it was finally broken. 120 min chart 34/8 ema has crossed over and things are shaping up nicely.
I am not so sure. It is pierced, but unless it closes above it does not mean that much.
Good trading
#6
atlasshrugged
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Posted 07 August 2007 - 12:33 PM
nm.
not so fast slim shady!!!
plenty of resistence right here at es 1480!!!
i agree with ogm, downtrend has been broken. just draw a TL that connects previous tops from a week ago and today it was finally broken. 120 min chart 34/8 ema has crossed over and things are shaping up nicely.
drawing trend lines is too arbitrary
anyone can draw them to make them suit there prognosis
