ES Journal Archive (2006 - 2008)

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What do you think of this NQ pa?

Quote from Lawrence Chan:

NQ bounced off daily 20 SMA.

We may switch to trend buy any time now, as long as 68-69 area holds.
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Its summer and liquidity is not there so things can be pushed around. This pa reminds me of how it traded before it took off from the 1800 level....

Quote from Lawrence Chan:

Testing its own 50% of RTH range.
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Exactly!
Simple there is no fear that it will end somewhere down. No fear about margin calls.
It looks like " wee need wait a little a bit average down and we will get our profits than". if not today than in few days....

Quote from gwac:

Its summer and liquidity is not there so things can be pushed around. This pa reminds me of how it traded before it took off from the 1800 level....
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ES wants an excuse to go up......1 of 2 things needs to happen
this afternoon. Oil need to close lower at the 2:30 close or/and
nq needs to rally. Either one we head above 1280....

Both happen and we could have a very strong close.....


Quote from Pholeuon:

Exactly!
Simple there is no fear that it will end somewhere down. No fear about margin calls.
It looks like " wee need wait a little a bit average down and we will get our profits than". if not today than in few days....
More...
 
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