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It's A BUY


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#1 redfoliage2

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Posted 17 August 2007 - 06:13 AM

Bought ES at 1411. My ST indicator RF2 is fashing a BUY. P.S. This is for a short term trade though.

Edited by redfoliage2, 17 August 2007 - 06:16 AM.


#2 gorydog

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Posted 17 August 2007 - 06:45 AM

Bought ES at 1411. My ST indicator RF2 is fashing a BUY.
P.S. This is for a short term trade though.


The chart below is my 'line in the sand' for playing yesterdays bounce long - yesterday there was an inverse H & S reversal, and futures are down (adjusting for fair value) to a level that tests the necklines. Below that, and we go to the lows and who knows where below. If the bounce was the bulls best shot, and fails, I have to think we are going to test the lowest trendlines for the entire bull phase pronto.
Good trading to all....
My 5 min chart
GD