I saw this reaction after we hit your entry level and it looked like they came in to hold the level with conviction......... http://www.charthub.com/images/2006/09/14/ES_317_VB_2.png The YM and NQ were holding there up trends (and above their respective LOD's), so it looked like we were not going to get anything more than small range extension from the previous 1325.00 LOD.
Yes it has been that is the reason I re entered my calls on the Q's. Romik, My turn to cheer for you. You should like the looks of this Q's chart. Maybe I will be hitting it at the right time for a big move.
I fully agree.........this is grab what you can trading until Monday (unless we get a good reaction off CPI release tomorrow).
Nope, I am naked a jaybird. But I am holding pom poms. I think I am beginning to see a bullish flag on the 15 minute chart. I might go long at 1329 based on a breakout. I am expecting a guy from the pool company soon so if he comes I might not get to trade it. I'll let you know though.
Out of curiousity, why wouldn't you call a bear flag? With it being a downward day and all? Just curious
come on you institutional toss pots, I only want 5pts, that's not too much to ask Any time now GO LONG EXPLOSION
Bullflag and then a bearflag? Or is this neither? Shouldn't there be a trend before a flag is valid? Also a bigger triangle is broken to the upside. Is this a valid triangle and when do you take a long/short in this? There is still no volume so maybe it's better to wait?