CNBC: Bear Stearns posted an $854 million loss for the quarter, its first deficit ever, as the investment bank took a beating on subprime mortgages.
Yeah, I'm counting on that! :) Hope we get there to find out. BTW, for anyone who missed this move, the current pullback (65 area) might be a...
Yes. Those normally break to the upside (the horizontal side). Just added on long at 1464.50. Missed my entry by a few ticks because I was...
Here's what I'm looking at. Normally a very bullish formation. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1721235 width=700>
I'm long small size from 1464.25, looking to add on after a 15-min reversal bar. PT1 is 1474.25 for 10 points. If I get the add-on, PT2 is...
I'd like to see one more downmove to the 64 area before going long. If 65.25 was the bottom, then I missed it. Another reason for waiting for...
I did. After waiting for a 15-minute reversal bar, I plaed two short limit orders, one at 1472.50 and one at 1473.50. Profit targets were 1469.25...
I'll be goddamned! Wyckoff thrust type head-fake? Sure picked my pocket today. :( I just HATE give-backs!
Naw, I think it was your fault for posting your stop. :D Just kidding, of course. It's life in the big city, that's all.
We may just have broken out of the wedge to the upside. (I tried exiting my shorts gracefully, but the result was less than graceful.)
I had the same thought at about the same time. They often put a smiley face on the market in the last 30 minutes for the benefit of the CNBC...
Countertrend in what context? In the longer view, the trend is down big-time. Fortunately, I managed to avoid being stopped out...at least for...
Never post your stops! I swear, the bastards read this thread. :)
Ref 15-min chart: if one hammer is good, two must be even better, right?
That's magic! I'm short from one point below you. Obviously not patient enough.
Your specialty. :) :) :) (I say that in awe, sir.) EDIT: Well I'll be damned if you didn't will it up to 67! :D
Not sure that's going to happen. We're down 6 points from the top here, and even a 50% retracement would only make it to 1466.375. Kinda looks...
Closed out my long from 1459.50 at 1468.75 for +9.25. (I was late to the party.) We're right at the top of the wedge, so one of two things can...
Yes indeed, 1469 is the top of the descending wedge. When it gets there, it's possible it may break out to the upside, or alternatively do one...
Although my intermediate term bias is extremely bearish, I'm seeing a bullish wedge on the 15-minute ES chart that suggests a major upside...
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