Monday, January 30, 2006

Friday's e-mini Workshop

I hope you learned something from today's price action...Yeo asked me if this was momentum while in the workshop while we were waiting for a pullback; to clarify my answer...because I said we really have not had a 25 point back to the upside, and that we did not have MOM...we had the ES, Mega bearish from the get-go, now that's MOM. Magic Numbers rule...
Give me some feed back on what you perceived from that momentum...and why you couldn't pull the trigger after the 10:00 o'clock did not reverse...nor the 10:30 time zone.
This should be a good lesson on trying to use the MA strategy after the first hour.

-Marsh

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