Friday, November 14, 2008

Another "Kill 'em Both Bulls & Bears" Session.

My ES TREND Chart above...Well, well, well...First, they had the Bears happily shorting the market at the get-go, then they got them covering their shorts, and the Bulls came charging, Then when the Bears were licking their wounds, and the Bulls fueling a Breakout, the Bulls were brought down to earth in a single thud. What a way to end this week's trading. Have a good weekend, everyone!

Thursday, November 13, 2008

ES TREND Chart: Change of TREND Last Night...But Seriously, Nothing Has Changed.

My ES TREND Chart above...It was a trick Houdini himself would have been proud of but last night's "Kill 'em Bulls & Bears" session has really not changed the bigger picture...yet.The ES SWING Chart is still very much in a Bear TREND (See Charts below) and now PRICE, is merely heading back up to challenge last PRIME Resistance at 962.50. And unless PRICE is able to Breach this Resistance level,

Wednesday, November 12, 2008

ES POSITION Chart: PRICE is Challenging Last PRIME Support at 825.00

My ES POSITION Chart above...There's no stopping this Bear. At the rate the market is going, be prepared to see 825.00 on the ES, challenged any time soon."PRICE will continue to move in the direction it is going...until it fails"Words spoken by my Mentor, and which till today, continues to stick like glue, in my mind, whenever I trade.At the moment, "A Beary Christmas" seems more appropriate,

Tuesday, November 4, 2008

Latest: Leg 1 of Bear Break on ES SWING Chart

My ES SWING Chart above...PRICE just cleared last PRIME Resistance (992.50) a couple of minutes ago, effectively giving us Leg 1 of Bear Break. Are we gonna see a change in the TREND, on the SWING Chart, due to the Presidential Elections?