ES Journal - 2012

[ammo]

Quote from ammo:

,avg 79.25,20 pt stop add 87 on vol spike, 80.3 avg offer 89

add 87.5 avg 82 1/8

 

[lucky lucille]

this may run up a bit higher here than most might think, imHo

just thinking out loud here, just a feeling

if we touched 90 here, i wouldn't think anything of it

 

[ammo]

spy needs to break 128.93 and uv/dv ratio needs to shrink ,at 4/1 so far today,spy meeting lower res in congestion zone at cleavage

 

[bigsnack]

Okay magic fill at 86.50's long.

 

[JoshDance]

I'm still unsure. We went above the 87 which was important, yet immediately met with sellers. And the RTH VAL is 87.75; so we have not really accepted price back higher yet. My gut says long but I'm cautious because we are trading below the VA, and teetering on the IBL. Feels long but could go either way.

 

[lucky lucille]

Quote from JoshDance:

I'm still unsure. We went above the 87 which was important, yet immediately met with sellers. And the RTH VAL is 87.75; so we have not really accepted price back higher yet. My gut says long but I'm cautious because we are trading below the VA, and teetering on the IBL. Feels long but could go either way.

what is "VA" and "IBL"..excuse my ignorance.

 

[Trvlwanderer]

Hello EMG.

What say we head for 97?

Or maybe a fat gap fill to squeeze the asian globex traders?

edit:

spx hit it's 61.8 fib...now where?

 

[ammo]

uv/dv shows up trend but not trend day ,feels like a trend day but chart not showing it

 

[JoshDance]

LL, "value area" and "initial balance low"

 

[bigsnack]

Quote from bigsnack:

Okay magic fill at 86.50's long.

Flat for b/e.