ES Journal Archive (2006 - 2008)

It should be a positive day since:

1. 9/11 sentiment
2. T day
3. The market has sold off considerably in the last 2 weeks.

 

flat here.

 

Well, when I'm wrong, I'm wrong.

B1S1 was correct. The previous swing high (1465.50) has now been exceeded, negating the descending price channel and its succession of lower highs. This signals a change in direction from short to long.

I'd still like to know what B1S2 was looking at when he stated earlier that the trend was up, because he certainly saw this earlier than I did, so he had to be looking at something that I missed.

 

sell stops 1458,

 

...dont know about the swing high....
...but i thought we broke out of the descending price channel before hitting 1465....

 

short 1468.
target 64.50

sl 1469.25

sl moved be

 

sell signal intraday

 

mbusch : time frame means everything, doesn't it? If you look at a 1 year weekly chart, the indices are still in an uptrend and above the 200- and 50-day MA's.

Regards

 

out

 

ftt 60 minute channel