Thursday, July 23, 2009

ES the final channel lne, Knock knock knock boom

As mentioned yesterday, the ES was knocking on the 75% channel line repeatedly and somethimes they blast through. The more knocks the bigger the blast.

Now it looks like it has bounced down from the last channel line. Time will tell. Of course the ES short futures entered at 4A EST this morning hit their stops for a breakeven.

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Insightful and Useful Comment!