My charts and internals showed that the gap up was not going to hold. It's the charts stupid. My daily goals are met and it's time to play! 796 failed on the ES and the YM rejected 7600 and from there it was a short. Carl-someday you'll get bull but not today~
Vap, congratulations on meeting your daily goal and your decision to play, outside the market, because, on a day like this, overconfidence can be self destructive!
It seems like we just saw a nice recovery and sold off just before it was able to breakthrough 791. Do you guys think we will continue to recover this pm? It looks like we are seeing a nice recovery and if we break 792 I think we could go much higher. Comments appreciated.
8 comments:
Hi Carl,
I just reversed and went short again at 792.00.
Thanks.
Kindest regards,
PM
STOP TRADING!!! take a break..The whiplash is gonna get you..Come back after 3 weeks.
Dow 6000--now who would have thunk it
Well done PM!
Anonymous at 11:41, I agree. It is a good idea to take a break after a breakdown. It is a time for consolidation, for the market and for us.
Moreover, frequent reversals can be nerve wracking.
Congratulations to PM for HIS reversal, something very hard to do!
My charts and internals showed that the gap up was not going to hold. It's the charts stupid. My daily goals are met and it's time to play!
796 failed on the ES and the YM rejected 7600 and from there it was a short. Carl-someday you'll get bull but not today~
Vap
Vap, congratulations on meeting your daily goal and your decision to play, outside the market, because, on a day like this, overconfidence can be self destructive!
Thanks KK- I live in the Rocky Mountains - so it's an easy choice but here I sit still reading and typing. Hey do I smell a rally? Naw!
It seems like we just saw a nice recovery and sold off just before it was able to breakthrough 791. Do you guys think we will continue to recover this pm? It looks like we are seeing a nice recovery and if we break 792 I think we could go much higher. Comments appreciated.
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