I entered ES long during the Thursday to Friday overnight session, and it will require taking ES price back at least to my entry price before I even think about being shaken out...I am not bullish or bearish...just trading price and breadth data as I can best make sense of it. The data pattern on the charts will change, and I will be forced to work instead of be idle.
I am also long some individual equities now. Swing long.
I will continue with daytrading as well.
good trading to you. some of my charts reside here -
Sy Harding blog excerpt (btw,some of the Rockefeller family are my neighbors and every Rockefeller I have met is dedicated to helping others and generally "being nice" ... they recently gave one of their big mountain retreats to the Teton National Park, and the retreat location is one of the most beautiful spots I know) -
Richard D. Wyckoff was a partner in a brokerage firm in the late 1890s and early 1900s. In his memoirs he revealed how John D. Rockefeller, J.P. Morgan and few of their friends promoted stocks and manipulated the market to keep public investors buying at the top in 1901, and buying the dips all the way down, while they unloaded their holdings into the strength. Manipulating the market was not illegal at the time.
Wyckoff said that one of the most successful methods of keeping investors out near the bottom was to create stressful up and down volatility. He said, "It's a well known principle of manipulation that more people can be tired out and made disgusted with their holdings, and thus induced to sell at the low prices by a whipsawing market. Those kinds of conditions make the public very bearish and disgusted with their holdings. . . . . So when the market advanced too much, as the bankers and their friends bought, and the rising market enticed some of the public to venture in, the advance was promptly knocked on its head by manipulative selling." That "allowed Rockefeller, Morgan, and their friends to continue to accumulate at the low prices.”
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