November 16, 2005: Chop

The market chopped its way into the session... VOLD reflecting market sentiment for the day on very low volume... worth noting that ES held its 1228-1230 support which is good... Dow, NQ and semis are @ emas... only dog is ER which is bearish at this point... I prefer not to trade when markets are mixed and volume is thin.. So the market pulled back, and I would like to see here some more consolidation (holding) before resumption of uptrend...






Three setups, all on the short side, gave good reward except for the last one which didn't reach its target... reversal bars were awesome today as well and could've provided early entries on the setups....