ES Journal - 2012

[Spectre2007]

the news out of DC looks very poor for any resolution, ES could drop abruptly without warning.

 

[Laissez Faire]

Once again, AH high 2 ticks short of R1.

 

[Trvlwanderer]

Quote from Laissez Faire:

Once again, AH high 2 ticks short of R1.

I show R1 as 1421.25???

 

[Laissez Faire]

Quote from Trvlwanderer:

I show R1 as 1421.25???

That`s because you`re using the pit close and I use the cash close at 4:00 PM.

 

[Spectre2007]

Notice how price action can change sentiment, when price action is angled up or down positions contrary to it, the stop eventually get hit. A few days ago you couldnt give away 1360's.. Now price action is creating a bullish sentiment. Also price action disregarded the news out of Washington. The market could easily be down -20 on the open. Both parties are sticking to their 'wants'.. And with the present conditions in Washington we will go over the cliff.

 

[mastacoli71]

Technically speaking on 60min chart, this could be the turning point for move down to 1400

 

[Trvlwanderer]

Quote from Spectre2007:

Notice how price action can change sentiment, when price action is angled up or down positions contrary to it, the stop eventually get hit. A few days ago you couldnt give away 1360's.. Now price action is creating a bullish sentiment. Also price action disregarded the news out of Washington. The market could easily be down -20 on the open. Both parties are sticking to their 'wants'.. And with the present conditions in Washington we will go over the cliff.

Remember though....."continuing resolutions" in the wake of lacking a passed budget was going to destroy us. We've now been using CR's every year for political expediency.

 

[Laissez Faire]

Ninja flaked on me today.

Any action in ES so far?

 

[ammo]

cash

 

[Builder17]

Quote from Laissez Faire:

Ninja flaked on me today.

Any action in ES so far?

only the craziest day ever!!!



ok that might be not be entirely true...