ES Journal Archive (2006 - 2008)

[saliva]

Quote from Lawrence Chan:

USD/JPY has broken multi year support on all accounts.

Its daily continuation sell just started, resistance to go lower is expected (with bounce like today).

If USD/JPY continue its sell off, new low for ES in a week.

Except for the fact that other governments that hold a large chunk of our bonds will step in the near future to artificially prop up the greenback. The more pressing problem in my mind is that Yen won't be able to sustain itself once the Japanese economy goes into a serious tailspin following the US recession.

 

[saliva]

Quote from startraitor:

one more for the day, short 919.50, stop 925 target 908

I could be wrong, but I sense a party of bulls masquerading around me.

 

[Lawrence Chan]

Quote from saliva:

Except for the fact that other governments that hold a large chunk of our bonds will step in the near future to artificially prop up the greenback. The more pressing problem in my mind is that Yen won't be able to sustain itself once the Japanese economy goes into a serious tailspin following the US recession.

That's why I prefer not to stay short overnight

 

[ggoyal]

Quote from startraitor:

one more for the day, short 919.50, stop 925 target 908

don't know about that one, but b4 this you made good calls today.

 

[GermanTrader]

Quote from Lawrence Chan:

That's why I prefer not to stay short overnight

Same here. I eliminate the risk of margin call nightmares.

 

[startraitor]

that's what happens when you stick around 1 trade too long, better short was here at 25 I believe, have downside of 897 in play again if we trade hard off it.

Quote from startraitor:

one more for the day, short 919.50, stop 925 target 908

 

[BoyBrutus]

Quote from pulsescan:

im not familiar with the term "POC"?
are you saying that this 905 area is support?
also, how do you read that chart? it would appear that according to the chart that you posted if i'm reading it right we should go toward 971 from here? is that right?

here is the ES chart projection

http://cartadiem.com/charts/08-08/E-Nov07-10.png

NQ

http://cartadiem.com/charts/08-08/E-Nov07-11.png

Yes to both questions

Ammo or mins are more knowledgeable about MP

 

[Jahajee]

If 918/920 holds on this pullback then I will go long ES

Market has a bullish tone today - but one expects a bounce after after recrod 10% drop in 2 days.

SPM buy in effect

 

[saliva]

Quote from startraitor:

that's what happens when you stick around 1 trade too long, better short was here at 25 I believe, have downside of 897 in play again if we trade hard off it.

I suggest you to call the GREED-ANONYMOUS (1-800-GOT-GREED).


My source tells me that we could hit as high as 947. Any thoughts?

 

[startraitor]

Quote from saliva:

I suggest you to call the GREED-ANONYMOUS (1-800-GOT-GREED).


My source tells me that we could hit as high as 947. Any thoughts?

I just called and it was a man love chat line, how do you know that number? (just bustin your balls)

Seriously, I see 908 and 897. Beers are on me if I am right.