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Strategies & Market Trends : E-Mini Pit
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To: the-phoenix who started this subject8/13/2002 4:53:59 PM
From: the-phoenix  Read Replies (2) of 11288
 
Now that 885 support gave way (slightly) on ES, looks like the next strong support comes in at another 10-15 points lower from here. There is a trendline up off the lows and the 20 day moving average in the 870-875 area.

As I posted last night, the selloff after the Fed was indicated in the daily charts. Now to see if the key support at the 20 day MA can hold.

Since I expected a selloff this afternoon, I was short 6 S&Ps this morning from an average of 907. Do you think I held them to the close? Of course not. I chickened out and covered them before 2:15.

I also expected a morning runup into the Fed, so I was long NQ from 940 this morning. Do you think I got out anywhere near the high at 962? No, no, no! I covered at the gap fill at 9:45.

Can someone please take my money and trade it for me, based on my signals? I might actually stand a chance of letting myself make some money that way.

Sheesh!
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