Tuesday, February 10, 2009

ES Trades 2/10 - No More Longs

ES Hourly

Not liking the look of this. Descending triangle near price top. Long at 853 and exited coz chart is starting to show signs of trouble...

This one here shows that scalping while working is very bad:
Will enter short when ES breaks below 850.

ES' really looking like it wants to complete a double top for now. Am taking its breaking below 851.75 as confirmation.

2 comments:

digivision said...

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Fantastic pictures.

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http://bali-worldresorts.blogspot.com

Keep blogging.
Good luck.

Jules said...

Thank you, Bali.
Your pictures are much better! :-)