ES Journal Archive (2006 - 2008)

[JimmyJam]

Quote from JimmyJam:

Who knows, maybe this is how it will play out.

JJ

So far, so good.

JJ

 

[ASusilovic]

Quote from atticus:

I haven't seen this many bear reversals since late 2000. Ominous.

atticus, there hasn´t been nothing ominous at all ! I have been waiting for this pullback to occur for a couple of days as we left a big GAP in the BIG S&P ( 1552.50 - 1558.60 ) !

And it seems some market players just took the opportunity to add a little bit volatility !

We closed the gap, most probably - of course - some option plays going on and bounced back - that´s all !

 

[JSSPMK]

Quote from Buy1Sell2:

Just looking at the days action here. Nice bounce, although I would think we would need a bit more of a base on intraday charts for it to have more legs. Of course, as usual I am staying long. We may have a slow day Monday and then an upward movement Tuesday, but it really doesn't mater what day as long as we don't crash-- I have no idea what day or what hour things will happen, I just want to be in the market on the right of the trend. Divergences and grails give me a clue as to general entry. Talk to everyone on Monday--

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1640308>

 

[IV_Trader]

Quote from atticus:



atticus/riskarb

ahaa ! I knew it !

 

[princessa]

Quote from smilingsynic:

How does anyone KNOW for sure how Elder made/makes his money?

After all, he IS a vendor, and some vendors make their livings teaching others how to trade, not by trading themselves.

Nothing personal against Elder (I have one of his books in my library)

ya, i like ae. thought his book, trading for a living, was the single best book i've ever seen on trading.

 

[saxon22]

Ok guys prediction: I see falling ES into 1550 on Monday. That desparate knock (several ) which got us only to 74 was lame.

 

[tortoise]

Quote from saxon22:

Ok guys prediction: I see falling ES into 1550 on Monday. That desparate knock (several ) which got us only to 74 was lame.

1550 is a long way down....especially in light of the accumulated volume between here and there. A drop to that level -- in today's session, that is -- would need a fair amount of gas behind it, don't you think?

 

[Buy1Sell2]

Quote from JSSPMK:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1640308>

This is a divergence that to me indicates a consolidation phase and not a reversal. Certainly a divergence though.

 

[Buy1Sell2]

Staying long today. I've got some things to do, so I will post again tomorrow or Wednesday.

 

[saxon22]

where is everybody?????????