ES Journal Archive (2009 - 2010)

Ok I am the "___" in the room.. what's T-day and how predictable is it? Managed 14 from NQ and quit around Noon.. GOING LONG!! strange feeling..

 

A T day is day that starts with a letter T like Tue or Thur.

In a bull market, there has been some speculation that these days are bullish, however, as we can see in a bull market, Monday can be bullish or any other day.

 

Wow.. That's what a 4 year old would have thought and I would have promptly told him he's due for his nap. Markets devilishly complex.

 

Does not matter if it is a bull or bear.




Day does not have to end bullish


~ 80% chance if the index is negative early on a T day that sometime intraday it will touch green but does not have to close green.

 

Market is simple


People make it complex

 

will add to long at 1104 if it gets there

 

sh 05.5.....ad 07..... looking for 01 minimum -01-98 area ..08, avg 7 1/8 add 8.5

 

looking at the big H&S intraday ?

right shoulder being made now




edit



Bulls too strong

 

oex cleavage down to 499,

 

Head and shoulders patterns often fail on the ES and just go up.
Inverted head and shoulders patterns always work nicely though!