ES Journal Archive (2006 - 2008)

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That happens all the time at the close...

Quote from Zodiac4u:

Look at the ES at 4:01 PM EST, the 1min bar volume 30,465. Probably a rebound on Monday Globex.
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Quote from smilingsynic:

One can only hope. Looks like that VIX bottom at 10 is going to be in for a while. :-)
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Interestingly enough the VIX was closer to 30 the last two times we hit these levels, but today we closed under 24. Something to think about.

Anyone brave enough to go long at 4:00? Three days in a row it has been a good trade from 4 to 4:15.
 
Hi guys

Hope you had great holidays.

Becuase of time constraints I will not be following this thread anymore. Too many posts. I want to wish all of you the best of luck!

:)
 
Quote from Optionpro007:

Hi guys

Hope you had great holidays.

Becuase of time constraints I will not be following this thread anymore. Too many posts. I want to wish all of you the best of luck!

:)
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You too :) I agree, the thread is turning into a book... over 15 pages a day... hard to keep up with unless you're hitting refresh every few minutes.

To some of the newer thread posters- see if you can limit your posts by only posting major things your seeing, positions you're taking or specific questions, not just little market commentary that either doesn't mean much or can change if price moves 2 points or something like that. It would help to keep the thread cleaner. No offense implied.
 
Quote from ammo:

TMOOSE,as long as it held that line its a buy signal,just like every other time it held that line
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The last time I saw this much school girl giddiness was last year about this time with another couple of percent down day. So much out right gloom. May be I should stop check in here so much. Day trading you gotta go with the flow. Long term you gotta go with the flow on a weekly. Everyones so pessimistic and burned from 2000 they wasn't to be the first to call a top. I'll be more convinced of a change in the long term trend to the up when the market actually starts trending down not just a couple days or even months retracement. Just my opinion. I know I'm not much to look at but there it is. I'm not long in stocks but I'm not selling here either. To each his/her own. Keep your stops in. :)
 
I think you guys are misinterpreting my post... which makes perfect sense since it was only 1 phrase and a chart haha...

I view the market in a top-down approach, and this is the largest timeframe that I look at... thats all. Then I'll zoom in to the daily, then hourly, 15-min, etc. to look for specific setups.

I'm currently flat. I in no way think we're crashing Monday, next week, or whenever. I DO think from a macro perspective that we will not be making new highs from here until a significant correction takes place. I actually see 1 zone not too far away that could be a good long for Monday. Long-term trend looks down (I'm out of stocks in 401k... all that exists of it at age 20) Short-term could go anywhere (depends on setups). 1500 = sure, maybe... 1600 = very doubtful...


BTW ammo, the trendline did not hold. The fact that it broke was just the final straw for me since I have at least 4 other reasons for thinking the top is in.
 
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