ES short term trading 5-07-10
Once again a historic day. (the secular bear that started in 2000 has seen many of them!).Unlike 87,(i was trading!), unlike 98, unlike all the history made last year in a historic bear market, this crash was simply stunning. The dow plunged 1000 points not in time measured in 2 days or even all day, but in MINUTES! Welcome to the new dayz of algorithm driven robot trading! TRULY AMAZING . I didnt have many comment or posts during most of it because my charts were messing up (so i thought) and ive been around enough to know when Not to trade. I thought that was pretty much common sense, but apparently some chose otherwise. Foolish! I saw movements measured not in 1 or 2 handle increments like the 87 crash, but moves that looked like 7 or 8 handles at a time.I read one analyst who said they were closer to 20.Anyway, to the future. Like with any major earthquake, there is always the chance of small aftershocks, so please if you decide to dip your toe in the water, exercise due caution and USE PROTECTIVE STOPS!....Trust me, new highs (thats right i said new rally highs are ahead). The world isnt ending quite yet! lol
YES for Kool
nice trade KOOL...way to go...can someone tell me where 1st and 2nd deviation off VWAP is right now..on the downside.? Curious
another tooth missing at 1111.25..go Koolio
Im off to start my weekend ! Good way for me to end the week! Whew! 2 days in a row making a good comeback... always the hard way with me! c ya!
and they see it...I gotta get glasses...I thought there were triples at 98.25 but on close inspection those lows are off by one freakin tick....as close to triples as u can get
thanks for the chart..have a great weekend