Matt -- thanks for posting that ES chart. Sure does look like
it's setting up nice.
This is not TA, but the bearishness that has built up this
weekend is so thick you could cut it with a chop stick -- all I'm
reading all over the web is how we're about to melt down -- maybe
we are, but the contrarian in me really wonders... Keep those
charts coming!
I'm not sure what your point is, I was referring to a 233 Tick
chart for ES, that's a VERY short period, has nothing to do with
Ponzi schemes, P3, big picture stuff, which believe me I'm more
aware of than most people here, Steve and I talked about that ad
nauseum last year. We talked about a 50% retracement for the
SPX at 1122 as our main target, however the SPX ended up retracing
61.8% almost exactly.
I provided a real time example of a short term trade setup in
ES, that played out to a tee (it provided a quick 5 point trade),
don't take anymore from it than that. It was a very short
term trade example in real time.
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Matt -- thanks for posting
ES 233 futures - watching for a bounce
Posted by puma on 6th of Jun 2010 at 10:13 pm
Matt -- thanks for posting that ES chart. Sure does look like it's setting up nice.
This is not TA, but the bearishness that has built up this weekend is so thick you could cut it with a chop stick -- all I'm reading all over the web is how we're about to melt down -- maybe we are, but the contrarian in me really wonders... Keep those charts coming!
I personally don't care(less concerned shall we say) about bearish levels anymore.Just like the Bernie Madoff case ,when ponzi schemes are recognized they don't bounce.
Posted by hurricanemalta on 7th of Jun 2010 at 02:26 am
I'm not sure what your
Posted by matt on 7th of Jun 2010 at 02:47 am
I'm not sure what your point is, I was referring to a 233 Tick chart for ES, that's a VERY short period, has nothing to do with Ponzi schemes, P3, big picture stuff, which believe me I'm more aware of than most people here, Steve and I talked about that ad nauseum last year. We talked about a 50% retracement for the SPX at 1122 as our main target, however the SPX ended up retracing 61.8% almost exactly.
I provided a real time example of a short term trade setup in ES, that played out to a tee (it provided a quick 5 point trade), don't take anymore from it than that. It was a very short term trade example in real time.