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Thanks for the chart, JSSPMK. Years ago I studied whether the number of stocks (NYSE) hitting new lows as a percentage of Total issues traded was predictive of anything. -Yes, it is. When that percentage is greater than 30% (as was the case on Thursday, 8/16/07, the next day has been a...

Housing number strong, July New Home Sales up 2.8%

Look at the size in the DOM. pitiful. :eek:

be-yooo tiful, mbusch

Sorry, mistakenly posted here. I usually post in ES journal, but I started reading this thread (from the beginning) a couple of days ago. Anekdoten, I did a trial at Puretick back in Feb?, Jan? and marvelled at your trading. Thank you for starting this thread and for being so generous with...

ES PP today is 1462.50-.25 YM is solid as a rock today, hasn't moved in a long time :p technical problems at ECBOT

Thank you for the observation.

well, it should have cuz it did

JJ does your chart imply that prices are short-term oversold and an attempt at a lift should unfold?

there is still an opening gap from 4:00 close yesterday which was 1450.75 Doesn't this thing have to fill? Does anyone think this thing has to fill?

mbusch, nice re-entry, RE: pivots. It is not a question of belief or not belief for me, I use them as a heads up, when price reaches one, I look to the charts, volume and histogram to see if I can make a case for long or short. I don't have your kind of patience for the bigger targets (I...

mbusch, was your trade based on simply a retest of yesterday's H and the overnight H?

If what I've described is going to play out, a move above 1392 with a drop in VIX under 35.34-35.46(corrected) could see 1405 print as bears scramble to cover. This is my last comment for today Best of luck trading.

Remember this is option expiration week and bears have made money. If you've ever traded options then you should know that you have to take your profits. Unwinding hedges can lead to big gain. I think the VIX has hit its high for the day unless there is some catclismic headline and I don't...

believe me, I know you can't predict a pattern, but the 1375.00-1373.50 level just printed and if past patterns are of any worth, this can be an intraday head of a shallow head and shoulders (inverse). I don't know whether it'll happen but it printed and that's what I was looking for. I have...

This has been a low volume undercut of the previous lows. But can't consider long side until I see drop in VIX. and some chart display of basing/head and shoulders. I don't think the Fed's going to do anything, bt if they make any sort of an announcement 2:00 seems like a good time because...

we just had capitulation style volume in the 15 minute charts, bar ending 12:15, 244,000 contracts. I think the sellers have sold.

wow. GS, LEH now moving to new lows on the day

I've been monitoring BSC, LEH, GS, MER over the past few days Not one of them went to a new low on the day when the ES did. wild market. .

the day's not over