ES Journal Archive (2006 - 2008)

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Quote from CPTrader:

Why are you guys so biased to the bearish side? No difference between you and those with a bullish bias.

These biases are dangerous.
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Price movement like today are artificial.

So are some down side price movement.
 
Quote from Chuck Krug:

/buys ES apr 1300 puts @ 8.55 avg
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Why are you guys so biased to the bearish side? No difference between you and those with a bullish bias.

These biases are dangerous.
 
I said it was the same move (from the consolidation around 1330 on the hour to the move up to 1360 almost identical bars) , I never said it was going to end the same by going back down.

Quote from vertigo3:

gwac
I don't know that the current test of the 60 level is the same as the last time.
see the attached chart.
I think prices are simply in the first strong thrust.

look at chart.
magenta line is 34 period time series forecast line (1plusbar)

in the circle on the left side of the chart(Mar20 through Mar24), notice that the first thrust higher (I think similar to the current thrust), did reach a point of consolidation and prices meandered sideways, cutting across the magenta 34 period TSF (depicted in the black box) The current market hasn't displayed consolidation yet.

Getting back to the March 24th move to 1360, that ultimate run to the 60 area (talking about the run back on March 24) did not occur until after the box of consolidation and a bullish break back up through the ascending TSF34.

That's what I expect from current market

that box took place at roughly 2/3 of the way through the bullish run up. If we assume same for current conditions, ultimate upside for current market (assuming 1st leg is topping at roughly 1360), would be a move (ultimately, tomorrow) to the 1386 area.

this info and a billion dollars would make me a millionaire
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Quote from CPTrader:

Why are you guys so biased to the bearish side? No difference between you and those with a bullish bias.

These biases are dangerous.
More...

i actually was long from 9.45 am till 1.00 pm
 
Quote from Pekelo:

If we keep following the same pattern the next 2 days should be up and we should reach the upper BB around 1380ish...
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Both the SPX and the Dow overshot the SMA 9, although the Nasdaq nicely bounced up from it. As a result the whole pattern took 2 days longer to play out and the upper BB came lower and now is at 1365 (cash)...
 
Thanks

I was just making on observation about the move to 1360 from 1330.

I think this move will take us to 1420. As long as no crap comes out.



Quote from vertigo3:

oh
remind me not to take the time to post anymore.
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Vertigo, it was nice analyse. Many of us have read carefully.

If you are right or not /I personally agree with you, simple "market" is in much better shape today and there is high probability of short term upside, it is possible to see it on various signs/ is not important. You demonstrated one point of view and you know, discussion is source of light.

Lawrence, for sure this movement is artificial but I think all movements in market are artificial (somebody with big leg is kicking somebody with smaller legs).

Like we are saying here the natural movements are by sex not in business.
 
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