ES Journal Archive (2006 - 2008)

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Quote from gwac:

A daily trendline is starting to form. 1270is is the bottom. Would love to see a washout to that level.

Where in TO are you from?
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Daily momentum actually looks bad as the oversold condition is neutralized today.

Toronto downtown.
 
Up until a month ago, I worked in the yonge/king area.

Quote from Lawrence Chan:

Daily momentum actually looks bad as the oversold condition is neutralized today.

Toronto downtown.
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Quote from gwac:

I do not think so, major earnings out of the way. $ under control
oil down and financials stable. As long the $, Oil and Financials behave I think we grind higher. I change my tune if 2 of the 3 start to misbehave.
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yeah but it is all being manipulated by congresss and the fed.
they are proping up this market but IT WONT LAST!!!
A VERY POWERFULL SHORT TRADE IS SETTING UP.

I'm on the side lines until then. A possible 1,000 point drop on the dow is foreseable.

:cool:
 
Quote from pulsescan:

yeah but it is all being manipulated by congresss and the fed.
they are proping up this market but IT WONT LAST!!!
A VERY POWERFULL SHORT TRADE IS SETTING UP.

I'm on the side lines until then. A possible 1,000 point drop on the dow is foreseable.

:cool:
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a thousand points could have 800, 40 point swings in it,you will miss a lot of trades,
 
1291 and change is the 38.2% move between 1440 and 1200
so not likely to get through today, expect a second attempt though


Goal in this move is 1320 50% move and major consolidation area.
 
Buy1Sell2, I am also waiting for a short signal generated on daily chart, ImPO looking at INDU it has a confluence area 11900-11980, watching out for histogram bearish patterns on both INDU & SPX
 
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