ES Journal Archive (2006 - 2008)

[iprph90]

i'm dissapointed: after all that sparring, atticus and volente are only 4 cash points apart.

 

[smilingsynic]

1495-1500 area serves as near-term resistance.

Swing high = 1558.75
Recent low = 1437.25

50% retracement = 1498.

1495-1498 served as support before caving in (acc to 60 min charts); what was once support is now resistance.

No positions in ES for the moment.

 

[Spectre2007]

Quote from volente_00:

My read from spy options says max is 1496 on cash but I would not be the least surprised to see it stall at 85 - 90. Don't like the gap under us but maybe they hold it til next week.

hpq earnings should be good...come out this coming monday. I was looking to get long underneath before the earnings.

The earnings will be good, but the guidance wont be... if you go to your local comp store, and even ask around most of the comp purchases are already in and have occurred in the past 6 months or so. Secondary to the macro guidance by the pundits most are putting off purchases till economy picks up.

 

[Spectre2007]

Quote from smilingsynic:

1495-1500 area serves as near-term resistance.

Swing high = 1558.75
Recent low = 1437.25

50% retracement = 1498.

1495-1498 served as support before caving in (acc to 60 min charts); what was once support is now resistance.

No positions in ES for the moment.

cash is at the 200 day MA.. and futures at the 60 minute trendline from above.

 

[mbusch]

Quote from smilingsynic:

50% retracement = 1498.

38.2% retracement = ~Tuesday's HOD

 

[Spectre2007]

60 minute trendline.

 

[Spectre2007]

200 day simple MA/close/cash

 

[Spectre2007]

notice if you keep an eye on the MA's as a form of risk management and bias, its hard to go wrong.

again like any professional you need to know when to use certain tools.

 

[kinggyppo]

Quote from Spectre2007:

200 day simple MA/close/cash

This is probably what you see if you open up a black box.

 

[El OchoCinco]

Quote from Spectre2007:

200 day simple MA/close/cash

In August and June it broke down through the 200 MA and ran right back through it. Very difficult to say what will happen since the market pulled back to it and kept on going 2x already..