ES Journal Archive (2006 - 2008)

I hope it sticks this time. These bulls should be shot.

 

There could be another interpretation to your daily chart

As the channel bottom was breached a lot more than usual, a new down trend could be established. And that all break below or test from below the SMA should be regarded as continuation sell signal.

Edit: so the key question is that if there is some criteria (% below, etc.) to determine if a continuation is more probable.

 

Yeah, it pains me as well. But chill, I just went short as well.

 

Looks like a sym. triangle >>> cont. up

Today was one of the most retarded days, so far being a doji, I guess expressing indeciveness...

 

out 51.75 small loss

 

...and suddenly, out of nowhere, the camel formation appeared...



(the head still looks like a sym. triangle)

 

Tell me it's going to put it's head in the ground !! Yes, I know it's a camel but they do that too before a storm, I hope

Whoops doesn't look good :-( Short too

 

so what comes next ,his legs, another camel, how does that formation end/

 

I say we break out upward and close 870+...

Edit: It did break out up to 868, now it looks like a snorkeling camel.

 

Now your talking my language!