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Yes, that is right, Harry. And if you look at that wedge on a 3-minute chart, you could also see an ascending triangle with its highs at 10:45 and 12:50.
--- In realtraders@xxxxxxxxxxxxxxx, "H & M Feld" <ariel@xxx> wrote:
>
> Along with this sideways trading, the market was also forming a wedge w/
> higher lows and lower highs, usually a forecast of a breakout.
> Harry
> ----- Original Message -----
> From: "aimlion11" <ddwilliams@xxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Thursday, July 16, 2009 4:03 PM
> Subject: [RT] Re: Reversal Times for EMINI
>
>
> > 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@> 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.
> >> > >
> >> >
> >>
> >
> >
> >
> >
> > ------------------------------------
> >
> > Yahoo! Groups Links
> >
> >
> >
>
>
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>
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