Consolidation days are when the boyz screw with your brains and have a field day. Made a couple of points and lost a couple. Hard to win big against the boyz on these kind of days.
Now it looks like we are headed to fill the gap. Again keeping it simple. Staying flat until the gap is filled. If the gap fills and we get a momentum thrust out of it, i am all in. If we move below ES 1440, i will start questioning the viability of this move. Any rally out of this kind of a panic low will be slow and choppy. I am not expecting a fast and furious rise here.
So far so good...
Started by
NAV
, Aug 13 2007 10:05 PM
4 replies to this topic
#2
ken29
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Posted 14 August 2007 - 09:40 AM
Nav,
Which gap are you talking about and what is the ES level on that gap? Also, is there a continuation sell on your 30/60 min yet? IMHO we will be taking out of the 8/6 and 8/10 low this week or next, but what do I know............I'm not smarter than a 5th grader 
#3
traderpaul
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Posted 14 August 2007 - 10:12 AM
The bottom is in?....Did you borrow that hat from_____?Consolidation days are when the boyz screw with your brains and have a field day. Made a couple of points and lost a couple. Hard to win big against the boyz on these kind of days.
Now it looks like we are headed to fill the gap. Again keeping it simple. Staying flat until the gap is filled. If the gap fills and we get a momentum thrust out of it, i am all in. If we move below ES 1440, i will start questioning the viability of this move. Any rally out of this kind of a panic low will be slow and choppy. I am not expecting a fast and furious rise here.
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#4
NAV
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Posted 14 August 2007 - 10:31 AM
Nav,
Which gap are you talking about and what is the ES level on that gap? Also, is there a continuation sell on your 30/60 min yet? IMHO we will be taking out of the 8/6 and 8/10 low this week or next, but what do I know............I'm not smarter than a 5th grader
ES 1451 is the gap on ES, which is so glaringly visible on the charts.
I did get a 60-min continuation sell. But i did not play it. Becuase i am a PERMA BULL !!!. That must make a lot of folks happy on this board.
#5
NAV
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Posted 14 August 2007 - 10:42 AM
The bottom is in?....Did you borrow that hat from_____?Consolidation days are when the boyz screw with your brains and have a field day. Made a couple of points and lost a couple. Hard to win big against the boyz on these kind of days.
Now it looks like we are headed to fill the gap. Again keeping it simple. Staying flat until the gap is filled. If the gap fills and we get a momentum thrust out of it, i am all in. If we move below ES 1440, i will start questioning the viability of this move. Any rally out of this kind of a panic low will be slow and choppy. I am not expecting a fast and furious rise here.
traderpaul,
I am a trader. I put my money on the line and fight the market everyday. I stated my reason with clear analysis as to why the bottom is in. It's a 80% odds signal. If it fails and the bottom gets taken (which has not happened so far), then the signal fails. Nothing more, nothing less. I stuck my neck out, knowing that the perma bear crap will come after my throats, if the signal fails. How do i know them so well ?
It's been 4 full years of bull market. When did i see a single bullish post from you so far ? LOL, wake up and smell the fresh cofee....the world isn't such a bad place !
