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Lespaulr0cker

Registered: Dec 2011
Posts: 735

03-10-12 04:34 AM

The daily chart is looking like a big 3 point reversal pattern. A battle of wills between typical price action & central banking influence.

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ammo

Registered: Feb 2007
Posts: 18258

03-10-12 07:45 AM

weekly ,lower high,lower low

2012-03-10-prophet.pngweekly.png
This has been downloaded 83 time(s).

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DanS

Registered: Sep 2008
Posts: 333

03-10-12 07:50 PM

This is weird, but I am looking at the ES on Saturday morning and my brokerage is showing bars and volume. I have never seen this before. And by the way it showed a huge spike down to 1339.50(ESM2).
I'll have to check this out.

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Lespaulr0cker

Registered: Dec 2011
Posts: 735

03-10-12 09:46 PM

Quote from DanS:

This is weird, but I am looking at the ES on Saturday morning and my brokerage is showing bars and volume. I have never seen this before. And by the way it showed a huge spike down to 1339.50(ESM2).
I'll have to check this out.

Wow...how much $ are you paying for data like that?

And can you make trades?

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Lespaulr0cker

Registered: Dec 2011
Posts: 735

03-10-12 09:49 PM

Quote from Lespaulr0cker:

The daily chart is looking like a big 3 point reversal pattern. A battle of wills between typical price action & central banking influence.

They say you should not fight the FED...

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Lespaulr0cker

Registered: Dec 2011
Posts: 735

03-11-12 04:20 PM

Quote from Lespaulr0cker:

They say you should not fight the FED...

...so long term we should go higher barring any change in the FED's objective or any catastrophies.

However the heaviness and price action are speaking to me of a maturing up phase. Even a manipulated market will correct to let off pressure. Tuesday was an indicator of how swift the correction can be when it arrives but was NOT a correction itself.

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