ES 15 min.... Bear trap closing ?
Started by
ogm
, Sep 05 2007 09:58 PM
4 replies to this topic
#1
Posted 05 September 2007 - 09:58 PM
Notice where all volume today has changed hands.
All price decay has happened overnight on Globex with no volume. The volume has changed hands in a very narrow range.
If the futures stay positive overnight and gap up tomorrow, everyone who went short today is trapped.
IF.... but thats what it looks like so far.
And yes, I have nothing better to do then to post these charts
All price decay has happened overnight on Globex with no volume. The volume has changed hands in a very narrow range.
If the futures stay positive overnight and gap up tomorrow, everyone who went short today is trapped.
IF.... but thats what it looks like so far.
And yes, I have nothing better to do then to post these charts
#2
Posted 05 September 2007 - 10:29 PM
LOL
Glad you don't cause I have nothing better to do than read 'em.
I think it's a toss up here. Duh. I guess it's always a toss up.
Till COMPQ or NDX breaks Friday's low, I feel we are in an uptrend in a bull market and the benefit of doubt goes to the trend.
Having said that,I am short right now. But it's counter trend sizing and I plan to close it tomorrow. I'll go long with trend sizing on my earliest buy signal.
If we break Friday's low, I'll move to Plan B.
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells
#3
Posted 05 September 2007 - 11:00 PM
Notice where all volume today has changed hands.
All price decay has happened overnight on Globex with no volume. The volume has changed hands in a very narrow range.
If the futures stay positive overnight and gap up tomorrow, everyone who went short today is trapped.
IF.... but thats what it looks like so far.
And yes, I have nothing better to do then to post these charts
Are you trading these MINOR 20 point days or holding out for da_chief's 2009 targets?
I fail to see your point with the swings we are getting.
KC
#4
Posted 06 September 2007 - 04:41 AM
I currently have 100+ individual stock positions, and daytrade futures for beer change.
#5
Posted 06 September 2007 - 05:06 AM
Nope, that didn't work, just got stopped on futures.