Saturday, December 23, 2006

ES Continues its Down Move

Review of last night's trades. After being hit by "fake-outs" in the first 20 minutes of trading, PRICE managed to "behave" itself very much later. By then, I was already enjoying my night off from trading. Was very much relaxing, I must say. But I was not totally "shut-off" from it. On & off, I did pop by my "trading desk", literally, to check on PRICE movements.
Posting a reply to a ES topic on CNA Forum, at around 1:13am, I mentioned that ES was going down to challenge 1420.75, and if breached, would then go down to challenge 1417.00. At the close of the market, we hit a session low of 1419.75. We will continue with the down move, until PRICE fails, which, has yet to happen...

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