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Strategies & Market Trends : E-Mini Pit

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To: the-phoenix who started this subject10/21/2002 5:39:34 PM
From: the-phoenix  Read Replies (1) of 11288
 
I Think I May Have Covered at the Top

Much pain for shorts today. Had a stop on ES at 902 and was just missed at HOD of 901.75, but I ended up covering a quarter position at the close at 899.5 "just in case". Now it looks like the NQ may have completed a Bearish Three Drives pattern at 983 today, and then topped out at 986. (Currently down to 962 AH.)

The August top culminated in the same pattern that "called" the top within a couple points.

Will post a chart later.
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