ES Journal Archive (2006 - 2008)

[ggoyal]

Quote from Lawrence Chan:

Next buy zone is all the way down to 880 area.

Wonder if we are getting there today?

why is that. just looking for ur reasoning.

 

[Jahajee]

GM report @ 10:30

Obama's press conference with possibility of Democrat's new 170 billion stimulus package (too little, too late) but can help markets rally


Looking for rally to 938 resistance, then last hour -- who knows? Another spiral down to 882 or 860?

 

[Lawrence Chan]

Quote from ggoyal:

why is that. just looking for ur reasoning.

If ES travel down to 880 within couple of days, many timeframes will show oversold condition triggering either buy signals or profit taking signals for many trading models.

That in turns can lead to a bounce.

 

[princessa]

rally today.
new high next week.

lows for 2008 are in.
one more major drop in '09 (maybe).

 

[saliva]

Quote from volente_00:

Wasn't it apex that pointed out a correlation about the market up to jobs report and after ?

In a bull market, you buy the rumor and sell the news. In a bear market, you sell the rumor and buy the news.

 

[stella]

Quote from volente_00:

Is that an IHS I spy on ES ?

Yes. IHS on both lower and higher TFs. The 1 on the lower TF has just broken out of its neckline.

 

[stella]

May I know what time does Obama speaks? Can't find any time schedule on it.

Many thanks.

 

[saliva]

Quote from BoyBrutus:

Is that what you see saliva? and when you look only a few posts higher.......

With my simple minded thinking - if I was big money I would want to suck every last ounce of retail money into the market. Obama can be the catalyst - Change you can believe in

Aside from politics, I believe we're staring at the same page. Although I can't express it, something feels downright disturbing about the current environment. As I already stated, everyone somehow thinks this market must be saved. But I say, sez who?

 

[Pekelo]

Quote from Lawrence Chan:

17.5 hits

Pek, did you not read my post?

I am not talking about 917, that is a bounce, but 945, now that is a rally...That's where the SMA is on the daily...

 

[volente_00]

Quote from saliva:

In a bull market, you buy the rumor and sell the news. In a bear market, you sell the rumor and buy the news.

No, he had a saying, i think it was about selling off into the job report and then rally or something like that. Someone on here used to bring it up from time to time.