ES Journal Archive (2006 - 2008)

[saliva]

Quote from JSSPMK:

Piker's Outlook, please comment:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1687191#post1687191

A silly question: is there a direct correlation between DAX and the SPOOZ?

 

[Spectre2007]

lol,... the US markets lead, watch for massive short covering.

US markets drop when US banks want them to.

 

[apex82]

Quote from apex82:

if it can get above 1437... the trade should work out... if not then a new low is in order and odds are I get stopped out.

failed right at 1437... now flat

light trading today most likely

 

[Spectre2007]

the stars aren't lined up for what the market wants to do...

not today

 

[mbusch]

Quote from Buy1Sell2:

4 hour is a good swing chart. However, there was no bullish divergence on the 4 hour chart yesterday at the time you posted this. You need to wait until the bar is complete before trying to see these things.

B1S2, I probably should have posted the chart to show you what I was seeing:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1687248 width=800>

In addition to the bullinh divergence indicated, the decline predicted by the big H&S top looks like it has been satisfied (head to neckline = neckline to bottom).

Click on link below for full-size chart.

 

[mbusch]

Long from 1427.50, small, close stop.

 

[mbusch]

Quote from mbusch:

Long from 1427.50, small, close stop.

Out at 1429.75 for +2.25. Just couldn't seem to break out of pennant yet.

 

[apex82]

scalpers market today so far...

barely positive on the day... probably going to close up shop if we dont get a breakout within the next few hours..

no point in risking $

 

[mbusch]

Possible Wyckoff spring to the upside here?

 

[saliva]

Covered my yesterday's position @ 2350