ES Journal Archive (2006 - 2008)

[Charly]

Quote from volente_00:

Took a long at 1395.75


2 point stop

guessing???

 

[volente_00]

was based on a rule of 10, i was early next one is 1392.5

 

[Jander]

10:30 reversal?

 

[volente_00]

Have to clear 1394.5 first

 

[brightstone]

Me too

Quote from romik:

with weakening USD, I don't think TA will help much right now, I am standing aside for a while.

 

[romik]

Last Friday EURO/USD has broken a certain resistance level, so I am going to longer TFs on ES, if USD continues to slide this will have to be reflected in the S&P, that's what I think. So this might actually be the turning point in this year's run-up, time will tell. Perhaps I am totally wrong.

 

[volente_00]

SPY option indicate 139 ~ 1390 for Dec. Will probably pivot up and down from this point til expiration or at least until interest starts building elsewhere.

 

[jsmooth]

Quote from romik:

Last Friday EURO/USD has broken a certain resistance level, so I am going to longer TFs on ES, if USD continues to slide this will have to be reflected in the S&P, that's what I think. So this might actually be the turning point in this year's run-up, time will tell. Perhaps I am totally wrong.

I also agree...that 1.30 level on the EUR/USD was very significant, i know i'll be buying if it pulls back to that level and selling es & ym on some bounces.

 

[romik]

A weak USD is of course great for export, so we can't exclude the benefits derived from a weak USD, but FWIW I believe that firstly there has to be a reaction and considering the way this market has been advancing recently, the idea of at least a solid pullback becomes more imminent IMO. 3 day chart on S&P is registering a failure swing, but last time it wasn't "allowed", so it will be interesting what happens on Wednesday.

 

[Optionpro007]

For your review, weekly EUR Vs S&P

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1276933>