ES Journal Archive (2006 - 2008)

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Vol is picking up again..

I anticipate something like 30 points or so.

there was a window for a intermediate term bottom with volatility retreating. But bond market is making headway, and flight to safety is being seen.
 
Quote from Spooz Top:

for the diamond watchers out there.....anytime you see a quick up down pattern like we see on the 10min....you can start looking for a build out of it`s parameters like we`re starting to see here.

is this a prediction....NO...i don`t make predictions.....just OBSERVATIONS.....& should be taken as such.


bingo.....beautiful short term topping pattern.....i know i did`nt post it but i expected a move to 73/74...with a move over 76 most likely negates it.

almost sorry i went to the pool to relax.
 

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one thing about prices is that a given price is never too cheap or too expensive.. its the price action that is most important.

The markets price action was looking good with the on the close buying..

But this price action destroys that, unless it can rescue itself before the close.

250 day MA is at 1424 cash, would put sept futures at 1418.00.
 
the target is 1450.....calculating the 16 point range we broke from yesterday........i believe atticus` target was 49/50 as well...

off of atticus`s sell from 71/72 early on....
 
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