ES Journal Archive (2006 - 2008)

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Someday you watch oil to get an es signal, today watch nq, when that one is allow to go then es will try for 80...

If they can get nq into the 1880`s then I agree that may pull es into the 50`s. IMHO es is in a holding pattern waiting for nq....




Quote from Pholeuon:

NQ wants test 1880 and by ES "everything importand could be said - no more words necessary".

I agree, indexes want up but when it will be allowed and from which line? At first we need shake out all weak hands.

I will try purchase NQ in 188* or ES bellow 1255 like Lawrence suggests.

I expect today strong reversal but will wait for it.
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NQ just hit the 20d ma, the 50day is within reach that would be around 1880 so that is a good buy. We will see if the target was the 20....
 
Crude is in extremely important resistance.
If it will be "springed" down than indexes will rally like crazy.

Honestly said I do not know when it can happen.

I expected today something like we see now in end of the day but now I simple lost imagination about further development.
 
oil up $6 and es not falling.....very interesting

just goes to show oil is not the es driver today.



Quote from Pholeuon:

Crude is in extremely important resistance.
If it will be "springed" down than indexes will rally like crazy.

Honestly said I do not know when it can happen.

I expected today something like we see now in end of the day but now I simple lost imagination about further development.
More...
 
Quote from gwac:

oil up $6 and es not falling.....very interesting

just goes to show oil is not the es driver today.
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its not interesting!! I hope you don't use oil as the only indicator to trade equities. some very large equity rallies have happened as commodties rallied; as it could be a sign of higher demand and economic expansion. there are way too many variables to assume anything like this.

(this isn't directed specifically at you, just anyone who tries to rationalize oil vs equities)
 
ES not reacting to 6 oil increase is an indicator. It tells me there is a very good chance es will head up later, like I said in my other
post NQ is what is holding es back. NQ is being sold like there is some sort of liquidation of a position going on.



Quote from trader_arb:

its not interesting!! I hope you don't use oil as the only indicator to trade equities. some very large equity rallies have happened as commodties rallied; as it could be a sign of higher demand and economic expansion. there are way too many variables to assume anything like this.

(this isn't directed specifically at you, just anyone who tries to rationalize oil vs equities)
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Quote from JSSPMK:

Pekelo,

Getting back to our discussion of oil, since you are bullish on oil longer term, thought you might have interest in some PA (piker's analyses, it's a new thing) :)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2035785>
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Nice call. Resistance here
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qwac /btw, it is frog sound?/ is after my opinion correct. Or big boys know that crude is just a play or they strongly want ES up. It should be much more sensible to crude, euro and gold rise as it is.
If it is not falling it means that is strong.

Quote from gwac:

ES not reacting to 6 oil increase is an indicator. It tells me there is a very good chance es will head up later, like I said in my other
post NQ is what is holding es back. NQ is being sold like there is some sort of liquidation of a position going on.
More...
 
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