ES Journal Archive (2006 - 2008)

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Quote from Buy1Sell2:

Looking at the 15 minute chart, there is no histogram bullish divergence, but there is certainly RSI bullish divergence with failure swing. The hourly chart is brewing a bullish histogram divergence. We'll know at 1:30
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Didn't occcur this hour but it's brewing.
 
Quote from Buy1Sell2:

Looking at the 15 minute chart, there is no histogram bullish divergence, but there is certainly RSI bullish divergence with failure swing. The hourly chart is brewing a bullish histogram divergence. We'll know at 1:30
More...

Hourly bullish divergence has just occurred. Added 2 long units at 1248.50
 
The ulitmate sign of Bullishness would have been to close @ or above the 200 day moving average. Towards the end there we were above the 200 day and finished with some strong selling to finish below. Hope you guys nailed this today, phenmonal volatility continues. The 200 day mv is now looming large.
 
Quote from sosa1974:

The ulitmate sign of Bullishness would have been to close @ or above the 200 day moving average. Towards the end there we were above the 200 day and finished with some strong selling to finish below. Hope you guys nailed this today, phenmonal volatility continues. The 200 day mv is now looming large.
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That was a severe retreat from 50dma area earlier this month also.

Saw on Bloomberg this mourning MER chief technical analyst figured market may rally mid month.

Did not know MER even had a chief TA:p;
or even if he has a respectable track record?????
 
Quote from pkts:

Is that a bearish divergence on the 5min?
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What I think was missing here also was the confirmation from RSI having a divergence as well. It's much better when they both have it.
 
Quote from murray t turtle:

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That was a severe retreat from 50dma area earlier this month also.

Saw on Bloomberg this mourning MER chief technical analyst figured market may rally mid month.

Did not know MER even had a chief TA:p;
or even if he has a respectable track record?????
More...

Yes that was last Friday when they retreated from the 50 day. Spy was @ 129.43 and the 50 day was @ 129.63. I was hanging onto a 1292 short pre-market when they rolled that over. Had they gone thru that 50 day I was prepared for a run to 1300+. It never happened :D
 
Current short term account positions:

Long 2 units 1264.50
Long 2 units 1264.00
Long 2 units 1260.50
Long 2 units 1250.25
Long 2 units 1248.50


Total 10 units long with average price of 1257.55
 
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