ES Journal Archive (2006 - 2008)

[Spectre2007]

pre memorial day week is usually upside biased from what I can remember.

I wouldn't be surprised if we close out friday at 1538.

today and tomm and thurs, are the only real trading days left.


Friday orderflow will be dead.

 

[mbusch]

From my "things that make you go hmmmm" department:

 

[Spectre2007]

so looking at everything i wouldnt be caught short till long weekend is over.


notice how you can spot the intent of range bounding the market..

 

[ryank]

Quote from mbusch:

From my "things that make you go hmmmm" department:

If I knew how to read a pnf chart I might go hmmmm, right now I'm going hmmmm, what is he trying to show me???

 

[osorico]

Quote from mbusch:

From my "things that make you go hmmmm" department:

If it breaks to downside soon, looks like shallow targets are still in order. Not the big'un, imo.

FWIW; Intraday ES levels
1532.00
1528.50
1525.25
1516.50

Osorico

 

[Spectre2007]

algo programs will take it to 1526 again.

declining issues climbing again.

 

[Spectre2007]

1530 stops will be taken out.

 

[Spectre2007]

buying pressure will come in as the day progresses.

 

[osorico]

Take ques from ER and NQ. Cash in particular. These babes are trading much cleaner.

ER Intraday levels
837.2
835.8
829.3
828.4
818.1

NQ Intraday levels(big air is deceiving, imo)
1920.25
1919.50
1917.25
1902.25

Trade what you see, not what you think.
Osorico

 

[Spectre2007]

lot of people are waiting for a correction to buy into this market.

as the sentiment shifts to a bullish tone, the correction never surfaces.