ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

In the making, not yet.

Must break 20 pts below and come back for a daily level spring to stop the current down trend.

Edit: 20 pts is the usual average range before the current volatility. That should be enough to kill most of the long positions made in this week.
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Thanks Lawrence Chan, great work.
 
Quote from wave:

Thanks Lawrence Chan, great work.
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Welcome. Just filling in the details.

The opening 1/2 hr will tell if we are going to get the bottom for this leg down, or, just another bounce to sell into.
 
Quote from wave:

OldTrader,

My apologies for the LOL comment I made towards you. Uncalled for on my part.

Best
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Musta missed it...never saw it. Give me a link so I know what to be upset over. LOL.

OldTrader
 
Quote from Lawrence Chan:

Welcome. Just filling in the details.

The opening 1/2 hr will tell if we are going to get the bottom for this leg down, or, just another bounce to sell into.
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I honestly believe that we hit bottom today. However trade what you see not what you believe :)

I strongly believe in psychological numbers. For me, 11000 is where I see a final possible bottom but I saw how nicely we bounced off of 11075 YM. That along with huge oversold conditions that you don't normally see in non RTHs trading gave me the green light to get long ES.
 
Quote from jagmot:

I honestly believe that we hit bottom today. However trade what you see not what you believe :)

I strongly believe in psychological numbers. For me, 11000 is where I see a final possible bottom but I saw how nicely we bounced off of 11075 YM. That along with huge oversold conditions that you don't normally see in non RTHs trading gave me the green light to get long ES.
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See the same in terms of oversold condition.

Good luck to your trade!
 
Quote from volente_00:

We had boomboxes still going strong til about 80-81 here in the lone star state. Don't make me break out the parchute pants and white glove and break it down for you.


:D
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kinda like...kickin it old school?
 
Quote from Lawrence Chan:

54 RTH close from yesterday. 34 opening low.

We get the 20 pts drop.

If it is the spring, we should see positive close today.
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34 is a key number on a monthly basis. If the bounce holds, then the 1322.25 gap should be seriously challenged and/or filled by the end of the month.
 
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