ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

buying pressure will come in as the day progresses.
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I agree. But if entry isn't great, you'll be dead money between a stop and b/e+. Unless you expect a significant move?

Osorico
 
noone is expecting it to go to 1538 today.

at 12:05 a/d tic shifted to buying pressure.

chance for 1538 today. which really isnt much since market has been getting short.
 
Quote from osorico:

I agree. But if entry isn't great, you'll be dead money between a stop and b/e+. Unless you expect a significant move?
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Which is why I decided to turn on my automated scalping algorigthm until the ES decides to move out of the 1525-1530 deadband in one direction or the other. I'm thinking "up" but as you always say, "trade what you see, not what you think." (I like that!)
 
Four minutes ago:
In an exclusive interview on CNBC, Richmond Federal Reserve President Jeffrey Lacker said he thinks economic growth will rebound by the end of the year but that inflation is still too high. “Business investments hit a soft spot in the fourth quarter, but all signs are that the fundamentals are good and it is going to be a source of strength going forward," Lacker told CNBC's Steve Liesman.
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Market hardly budged.
 
No movement because he has not said anything new. Same old song and dance. There is a need for somebody stating something drastic and radical and then we will see some action. Would be nice for a change.
 
Quote from Spectre2007:

1550 target, I would love to see 1500 to load up for longterm. But not sure if we will see it.
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Thats where I am looking to load up as well 1500-1502 for another 50-100 point rise
 
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