ES Journal Archive (2006 - 2008)

[lurefo]

Short coverings of today's open gap down bear trap should help blow off July 1870-1880 NQ ceiling. Same applies to ES with neckline at 1280-1290.

 

[Lawrence Chan]

Something to watch out for newbies.

NQ printed 35+ pts range in the first half hour.

Implies extreme volatility today.

 

[vertigo3]

lurefo,
you say blow-off, do you mean that you expect prices (ES) to push through and above 1290?

 

[ammo]

i'm looking for es to hit 1294 before this little bear rally is over,was all set to short it this morning expecting a normal number

 

[lurefo]

Quote from vertigo3:

lurefo,
you say blow-off, do you mean that you expect prices (ES) to push through and above 1290?

Vertigo, yes I expect markets to print above the July major resistance aeras, 1280-1290 for ES and 1870-1880 for NQ. Not necessarly today though, maybe tomorrow.

 

[vertigo3]

TY,
thought so, but wanted to make sure.

right now looks like bull flag on 2, 5 min

 

[Pholeuon]

It looks that when the ES will close gap NQ will be around MAJOR RESISTANCE 1880. And what now?

Swing short above 1880 looks "safe" to me.

 

[ammo]

if u connect 9/1/88 and 10/1/02 spx on a monthly ,supp comes in around 1209,so that dip could have been it for the next 4 years,,on the flipside if this economy is the beginning of armageddon ,the way the technical economic math wizards with all there statistics are pontificating,(that should be a buy signal in itself),if u connect the year 1937 low of 18,and the 1968 low of 108,the trendline comes in at 1074,for a yearly low in 2008

 

[Lawrence Chan]

Once this level is taken out, the target zone is 92-96.

That implies NQ must lead the mkt higher from here.

Very interesting day so far!

 

[kamek]

shorted the spy and got scartched alittle. got out because it wiggled to much with alot of fake outs...of course its going my way now :/