ES Journal Archive (2009 - 2010)

Boyz, I see an inverse "Arby" pattern. Anyone care to interpret what that might mean?

 

Stiff resistance zone from 838 to 845. If it can break above this then the next target is the 860 area

 

If so, why are you shorting when you believe "the system" is suggesting otherwise? Whatever happened to 926?

 

.....and if it fails then the bears can take it down below current LOD @ 812.75

 

there is no way the bears are gonna lose this. they will bring this thing back down with authority..

 

out 35.75

 

There is no problem with being long, covering, goingn short and then long again. Markets don't move straight up or down, now I know you knew that.

 

This is why most will never make it in this biz. Not to pick on you, just using example. So much of this goes on here. And yes I have been guilty of this in the past. It's all a learning experience, you gotta get out all the crap out of you then you will be well on your way.

 

buy stop ES @ 842.50 ( just above HOD)

 

NDX/QQQQ just touched the top of the channel from 1/6/09.

Question is will we finally break out to the upside?