ES Journal - 2012

[Trvlwanderer]

Bottom of upward channel on the long hourly. Great place for adding to longer term swing or position longs with reasonable parameters.

 

[JoshDance]

This is what my chart was about, don't know if we will see follow through but I really want to be long:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3427064#post3427064

 

[Max618]

Quote from ammo:

whats the 3/1 ratio stand for?

NYSE Internals. Vol Bull/Bear Ratio. UVOL-DVOL. Now Vol is -1.2 to the Bears.

 

[gmst]

cons. conf numbers out of the way. now selling might resume, if we have to go to 1303

 

[tortoise]

Quote from gmst:

cons. conf numbers out of the way. now selling might resume, if we have to go to 1303

what's the significance of 1303 again? (esp. in light of JD's volume distribution chart, which i find awfully compelling...)

 

[Trvlwanderer]

Quote from gmst:

cons. conf numbers out of the way. now selling might resume, if we have to go to 1303

Why should the selling resume? This is full bull in the big picture. micro shows resumption of upward trend. micro micro shows bearish flag with only a smaller target.

Just my observations.

Whatchya seein'?

 

[gmst]

Quote from tortoise:

what's the significance of 1303 again? (esp. in light of JD's volume distribution chart, which i find awfully compelling...)

1303 was support and low of day before yesterday. There was big support at 1303-05. and 1303 is wave's target also

I personally think we are going to 1288 on Monday.

 

[Macho]

Selling 1 131450 another 131825

Stop ZB 142'08

 

[gmst]

Quote from Trvlwanderer:

Why should the selling resume? This is full bull in the big picture. micro shows resumption of upward trend. micro micro shows bearish flag with only a smaller target.

Just my observations.

Whatchya seein'?

Looking at yesterday sell-off, and todays gdp miss....fundamentally, free money for 1 more year, but fed less confident of recovery. Last 6 weeks good eco data, still ben not confident of recovery. If we have to go down, we go down in this environment, even if ultimately we go to 1370, a deeper pullback to 1288 might be in order.

Intelligent guessing thats all. Could be off.

 

[bigsnack]

long 10.75's