FYI - I am not knocking your forecast - if it is wrong, it is wrong. We are all wrong at times. I just want to know if it was updated anywhere.
I agree it is wrong. I did have a minor UP signal between 2 - 3 pm as marked but did not expect at all to be so big UPside recovery.
Yep fastTrd, Forecast is definitely going wrong here. But if you are a trader and not a mere watcher then you must have learned how to put Stop Losses and not let your winner turn in to a looser.
Abhay, I'm not blaming you or anything. I didn't even read your forecast for today till later on in the afternoon. I booked profits on my shorts this morning...shorted again in the afternoon, and incurred some losses. -FastTrader
08-26-03 10:57 AM Had to Buy It I just entered a "buy" @ 983.75 Limit on the ESU3 If the market doesn't break the 878.75 level by 1:30pm est then we could get a bounce between 2:00pm and 3:30pm. In that case we could take out the prior resistance level at 1014.00 All we needed was a little pull back to build support for the next leg up. 08-26-03 11:47 AM Bottom Fishing If my reading of this chart is correct we could see a nice dip coming up soon (I'd get my fill) and then a nice afternoon rally i.e. recovery with a break-out tomorrow. Negative Divergence = positive momentum? Were you in this trade? I think I had my fishing pole too deep in the water? I should have bought that consolidated 985.50 Pivot. I admit I didn't get filled and I didn't move my entry.
No, as I stated in morning that I missed my SHORT entry so I stayed out ofthe game until everything aligned up. I will look to short tomorrow mid-day. I will revise my analysis tonite and see what is result for tomorrow..
I'd be interested in your opinion on tommorow's activity. We could compare notes. As I stated earlier, I think we may be in for a spillover rally tommorow depending on the close today. Feel free to PM me if you would like. I will take a look at any chart you may feel is worth considering. P.S. I dig the unique way that you designed your charts. That took some time I'm sure.
abhay, I am also interested in your analysis for tomorrow. BTW, how long does it take to hear back regarding your free two week trial? Did the thing on the website earlier today.