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Excellent question. The market had been moving sideways most of the day. Previous to the sideways movement, it had been moving up. Most often, after an upward movement, followed by a sideways movement into a reversal period, the market goes up. Of course, I had to see some confirmation of this before I made the recommendation to BUY. And with a 2 point stop, this 10 point move only netted me 5 points.
--- In realtraders@xxxxxxxxxxxxxxx, "NSN - RR" <nnandra@xxx> wrote:
>
> There is no doubt that the market has moved 10 points.
>
> But ex ante, how would you have known to go long, instead of short? Not
> criticizing, genuinely curious.
>
>
>
>
>
>
>
> From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of aimlion11
> Sent: Thursday, July 16, 2009 2:53 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: Reversal Times for EMINI
>
>
>
>
>
> Emini up almost 10 points from the reversal time frame.
>
> --- In realtraders@xxxxxxxxxxxxxxx <mailto:realtraders%40yahoogroups.com> ,
> "aimlion11" <ddwilliams@> wrote:
> >
> > Another 6 reversal signals for the time period 11:00 to 12:00. This should
> cause a CIT for the day.
> >
> > --- In realtraders@xxxxxxxxxxxxxxx <mailto:realtraders%40yahoogroups.com>
> , "aimlion11" <ddwilliams@> wrote:
> > >
> > > 11:00 AND 11:20 CST
> > > May act as one reversal.
> > >
> >
>
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