ES Journal Archive (2009 - 2010)

I would suggest that traders invest in a good understanding of what constitutes value (think DCF) in markets and realize that charts are not even required to trade/invest in equities and indexes.

 

But this stuff takes time, years of watching, understanding, testing, etc. In the meantime, just play momentum and accumulate net profits. Take what they give you.

 

1065 on the technical side will trigger stops and the value buyers don't want it to go past 985.

 

Watch these levels as we approach them pay attention to the volume.

1131, 1090, 1058.

 

turns out that candle was a sell and the 11 35 an d 11 40 est candles were the cover

 

plan on going long 1166.50

 

emg, i can almost guarantee they wont take it more than 10 points below 985.

 

Top analysis Wave!

 

2nd gap pretty much closed. Now, who would have thought that???

We also have a possible dragon Failure going on. We are still in the Failure zone, so have to watch the behaviour, but the numbers are:

Height ~ 26 pts

Failure at 1178 (cash)

3rd top would be: 1204ish

 

wow you mean doomsday is coming!?