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  1. J

    ES Journal Archive (2009 - 2010)

    Something has go to give, soon, after all this chop & slop and going nowhere, but when it does it will be a BIG move, more than 100 points. I think that move will gather momentum today... When? Breakout above 852/854 or breakdown below 830 bad news ? good news? Something is out there and...
  2. J

    ES Journal Archive (2009 - 2010)

    looks like another attempt to break out above HOD
  3. J

    ES Journal Archive (2009 - 2010)

    I suppose one can see patterns everywhere if you look long and hard.... double bottom and inverse H&S in ES 5 min support at 836 volatility is being sucked away - VIX at 43.34, down by about 5%
  4. J

    ES Journal Archive (2009 - 2010)

    Have traded currencies - futures contracts - a few years ago but decided to go let it go ... I found that there was more action overnight, in foreign markets, not surprisingly so since these are in effect their currencies vs $US. Also, there was a tendency for foreign CBs to intervene when I...
  5. J

    ES Journal Archive (2009 - 2010)

    This chop chop chop is tiring. We've been chopping and slopping around this area for what seems like months. Still bullish but time is running out for the bulls after several attempts to break out of this range. Hourly slowly getting bearish... if this thing does not move up soon and gets...
  6. J

    ES Journal Archive (2009 - 2010)

    Could be, but I think it goes higher - maybe 1044
  7. J

    ES Journal Archive (2009 - 2010)

    ammo: I see several gaps, around what date? was it in December?
  8. J

    ES Journal Archive (2009 - 2010)

    "While the S&P was able to stage a breakout of the range from late last week in the early going and did finish with a gain, the inability to build on the morning extension and the drop back within the range keeps the very short term bias neutral. A short term support of interest is at 826/824...
  9. J

    ES Journal Archive (2009 - 2010)

    No. no guilt. The markets will reflect the broad consenus and we cannot change that. The politicians and crooks should feel guilty but they don't care. During the NASDAQ 5K run I wasn't guilty being long for weeks and months, from December 1999 until June 2000, rolling over contracts each...
  10. J

    ES Journal Archive (2009 - 2010)

    I suppose the bulls can call this a consolidation day, sideways to up; higher high and higher low on the daily and hourly chart still bullish but not as much as at Friday's close. Hourly shows two HH and two LL - an uptend in the making, for now. But, the close was not good, about 15 lower...
  11. J

    ES Journal Archive (2009 - 2010)

    845 or 835?
  12. J

    ES Journal Archive (2009 - 2010)

    S/r areas: 852/856 838/840 820/823 798/802 783 747/752 I can see a fall back to about 800 but the hourly is solidly bullish and it seems to me that the markets will rally for a few days. 920 by end of week? or 740? I note market is ignoring bad...
  13. J

    ES Journal Archive (2009 - 2010)

    Before I begin this weekend's commentary, I just want to broach the subject of astro-finances. There are many in the so called Christian world who believe that astrology is of the devil. I just want to say that if it is, he sure is in control. Like reading e-waves, I view astrology as a tool to...
  14. J

    ES Journal Archive (2009 - 2010)

    as suggested, he is on **ignore**
  15. J

    ES Journal Archive (2009 - 2010)

    A bullish view, but totally convincing. Want more than widening swap spreads to call a rally. ------------------------------------------------------------ LIBOR had improved quite nicely and indeed it is still is vastly improved from last summer. It is still, however, on a rebound that...
  16. J

    ES Journal Archive (2009 - 2010)

    The poor chap is either demented or drunk or both.
  17. J

    ES Journal Archive (2009 - 2010)

    Well, that was a good move up BUT the real test for bulls is at hand -- they got to break out above 836 and then move past 844. Hourly chart is bullish with MACD cross above and also above zero line
  18. J

    ES Journal Archive (2009 - 2010)

    Crude surging, +1.23 at 44.90, up from lows at 41.40 QQQQ turned green Financials up on the day.... I think the bulls are trying hard but must break above SPX 836 and then 844 to close the door on the bears. If they can't then back to LOD and test of ES lows @ 800 Hourly chart bullish.
  19. J

    ES Journal Archive (2009 - 2010)

    Hourly pattern looks bullish; solid green bars, MACD crossed above, and momentum oscillators moving up ES 830/32 is the line in the sand; break out above this signals a meltup Failure leads to move back to LOD
  20. J

    ES Journal Archive (2009 - 2010)

    Big Cap Financials and techs have recovered most of their losses, even though ES is down 12
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