ES Journal Archive (2006 - 2008)

[vertigo3]

Market very erratic today.
Everyone knows (I assume) that the Russell rebalancing is today.

 

[Spooz Top]

15 min observation would be for a possible kiss of the 15min at about 20 before a solid move up......would provide lo risk entry long.i`m sure buyers will be anxious if we get near there.

 

[wave]

Quote from vertigo3:

Market very erratic today.
Everyone knows (I assume) that the Russell rebalancing is today.

Yes, there was lots of frenzied buying in those stocks yesterday.
Sharks were at work. In order to buy at value, you have to discount the prices. Shark movements are very repetitive.

 

[Spectre2007]

trying to obtain discounts for a FOMC rally. Either way price will find the equilibrium point by FOMC 1536-38 level. Then based on the FOMC action/statement, price can go either way up or down 20 points.. up 20 from 1538 would be breaking the stops on the highs. Down 20 would take us back to the value zone 1518.00.

then shortly after we have nonfarm payrolls and July 4th weekend.

 

[mbusch]

Gotta go, probably for rest of trading day, so guess I'll miss whatever excitement develops this afternoon. Good trading and good weekends to all. See you Monday morning.

 

[Spectre2007]

about 10 minutes before the close, I will point out some historic parallels to this week. Some of you may be able to guess them.

 

[JSSPMK]

I am quitting S&P futures, it's not suited to my style of trading, on most days. Good luck to all!

 

[Brucelee]

Quote from JSSPMK:

I am quitting S&P futures, it's not suited to my style of trading, on most days. Good luck to all!

Good luck to you too, especially with the DAX.

 

[Jaxon]

Quote from JSSPMK:

I am quitting S&P futures, it's not suited to my style of trading, on most days. Good luck to all!

What will you be trading?

 

[Spooz Top]

dow 440/ es 18/19 could provide a reaction pop as the 2 coincide side by side......channel test & 2bottom.....should we test that level.