ES Journal Archive (2006 - 2008)

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Quote from wareco:

Actually no. I've never considered looking at the correlation. The infrequency of the futures rollovers would cause me to think any correlation is by chance. You would have to go back years to get any kind of a sample size, and I think the market dynamics over that period of time would be so varied as to make any correlation suspect. But, I'll defer to you, since you seem to have your eye on it.
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thanks for reply
 
Speaking of correlations, has anyone seen any studies on the correlation of say the Asian market or the European market and the US market on a day by day basis?
In other words, if the Asian or European markets are down/up is there a tradeable correlation with the US market? I know there are multiple exchanges within each region, but let's say Japan, HK, UK, Germany.
 
Quote from osorico:

Sweet! Apex

And now bouncing.... a move to top end of previous gap is in order. We'll see. :) :eek:
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Flat...Getting late... Too little oomph, target not reached. Much better oomph in YM vs ES.
 
lately,3 weeks,if jap,shanghai,have been down overnite ,120 plus pts,we gapped up 7 or 8 spus andthen sold off,bovespa has been rallying like crazy,next place for us industry to invest ,screw the dow?
 
Quote from wareco:

Speaking of correlations, has anyone seen any studies on the correlation of say the Asian market or the European market and the US market on a day by day basis?
In other words, if the Asian or European markets are down/up is there a tradeable correlation with the US market? I know there are multiple exchanges within each region, but let's say Japan, HK, UK, Germany.
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I didn't come across anything solid for very short term opportunities, it's obvious that they are all correlated & I recall a post by JSSPMK who has pointed out a strength of a signal (TA) if present across the globe, that I would say is an excellent point & is worth watching out for, even if it is a bog standard divergence, but not just in the S&P, but in FTSE, DAX, CAC, etc.
 
Quote from apex82:

Alright, just finishing up some of my analysis before I hit the sack. Employment days use to be my most profitable days but lately I havent been doing so well on them. Anyways... I put in some more work and have narrowed it down to 2 main resistance zones. I am expecting this leg up to be a wave B of a higher degree and would expect at minimum a retest of the lows. The odds of this thing just blowing right up to the highs again is in the vicinity of 15%... low odds but always possible.

There is quite a few resistance areas so it was hard to narrow it down to such small zones. However, these are the zones I am watching for tomorrow.

1426-1428

1435-1437

The second one I like a little better due to the market being so close to the first one and I think it would be a nice scenario for them(the market) to run the stops above that recent major pivot high knocking out all swing and position traders and run it right up to the next zone. However, the first zone is extremely strong and very critical. It could easily just turn at that level. Watch for a 5 or 15min breakout reversal bar to show confirmation. The odds are that this B leg rally will end either tomorrow or monday.

Keep an eye on the 1430-1431.50 area as well.

-Apex
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Well there it is... once again I nailed it absolutely to perfection. Even the timing was perfect. The high was put in on the friday to the exact tick that I was calling for. This stuff blows me away everyday... I just had my largest 1 day gain on record.... Congrats guys...

Here it is... Before and after

From...

http://elitetrader.com/vb/attachment.php?s=&postid=1389621

To...
 

Attachments

You really ought to consider opening an advisory service with your skills, with those precision entry levels (SnyperTrade) you should have a lot of success in generating a healthy secondary income, especially from people with limited access to capital. Well done!
 
Yea, what he said.
And make it a bit more plain for us crazed newbies?

Seriously, Apex, you got a good thing going.

Thanks to you I now get up at 5:45am central time to catch the premkt moves and profit from them.

What's on tap for the ES tomorrow??
 
Ok, we've seen the bounce after this kind of action in the last few weeks.

But today we had a lot of factors affecting the market simultaneously, and it was ALL ugly, so given today's endless Black Parade........

Who's calling for the next dead "this cat has nine of em" bounce tomorrow?

I'm in the bear camp myself, but I want to hear the technical reasons why we should bounce tomorrow if Asia etc. tumbles tonight. Are there any? Or is this just going to be a vicious cycle grinding lower from here on out that feeds on itself?

Viewpoints please.........
 
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