if you read the earlier post about a guys blog and reference to oil,cutting down shipping lanes,lower demand for oil,lowering production demand,lower consumption and christmas rally,christmas won't be good,trans is down also...wheels are coming off ben's attempt to save the world....... naz is led by aapl.down 2,es or spx is heavily waited in oil stocks, moreso than dow,when the herd is moving in unison it's easier to trade,when we are possibly at an inflection point,1265 or 70,and ben and gs need to push it up for end of year marks,it's harder for them...honestly i don't know but you can throw those ideas into the stew and see how it boils down...us steel (x)is a good stock to watch along with xom for hints
Thanks for your commentary ammo. Let me see what that blog says and maybe i will get some ideas from there.
The question is, how do you define strength? You are waiting for a big up bar before going long. Is a big up bar strength? Different people will answer differently...
Its actually a very good question. I think for ccys, a big up bar more often than not denotes strength. For ES intraday I am not so sure. I think the only trick I am a little sure that denotes ES bias not strength intra-day is if it is above or below 50%. You have any tricks up your sleeve ?
No tricks, nothing anyone else can't see on their chart. I've already mentioned this stuff before anyway, yesterday in fact. Should have held onto the 55 long just now, could have gotten maybe a handle instead of a tick.
looking to sell EDIT still think it's going down, but not really looking to sell until some volume comes in.. quite dead at the moment.
man, coiling tight for a big move, oh mama EDIT: going to lunch, charts are pointing long, closed last runner. ciao.
very balanced so far, a move out of balance could be explosive -- hard to say given time of day and lackluster volume. http://screencast.com/t/QUDLE9sjnv2 EDIT: just saw what you wrote satchel, same idea different words enjoy your lunch