ES Journal Archive (2006 - 2008)

[mbusch]

Quote from wave:

From nothing come something...

longer term target for long is 1490.

From your lips to Bernanke's ear!

 

[wave]

easy, peasy japanese.

 

[mbusch]

The pause that refreshes...just to prove that 1454-5 resistance is now 1454-5 support, and to let the RSI take a deep breath. Probably not a bad place to add to longs if anyone's so inclined.

Let's just hope there aren't any 40-year-old Interstate highway bridges between here and 1490...

EDIT: Okay, bears, that's far enough...bulls, back to work!

 

[wave]

Be sure to flow, market is still very volatile.

 

[mbusch]

Quote from wave:

Be sure to flow, market is still very volatile.

Indeed. I drew a line in the sand, and we are there now.

 

[smilingsynic]

Quote from mbusch:

The pause that refreshes...just to prove that 1454-5 resistance is now 1454-5 support, and to let the RSI take a deep breath. Probably not a bad place to add to longs if anyone's so inclined.

Let's just hope there aren't any 40-year-old Interstate highway bridges between here and 1490...

EDIT: Okay, bears, that's far enough...bulls, back to work!

I'd say the 1455 resistance held pretty good, and that 1451 is the prior resistance/now support. I still think this is going back down to unchanged, or at least to prior swing low (1445 area).

 

[princessa]

Quote from Jaxon:


Spectra, if not the longest certainly the best (great info and major efforts made to keep the tone positive)

amen to that....

 

[mbusch]

Quote from smilingsynic:

I'd say the 1455 resistance held pretty good, and that 1451 is the prior resistance/now support. I still think this is going back down to unchanged, or at least to prior swing low (1445 area).

1451 didn't do a great job of supporting. My SAR order got very closely flirted with, but not hit (at least yet). RSI suggests we're going higher from here, at least some.

On my 240 tick chart, we're right at a very critical point where three trendlines meet at a point right at 1450.25. Either we get back above that number, or we don't. The arm wrestling is occurring even as I type this. (Or is that hoof and paw wrestling?)

 

[Spectre2007]

there is a concerted effort to hit equities by wallstreet so their blunders in lending isn't as painful. They are extorting the Fed to bail them out, the announcements and bearish comments are timed to kill sentiment.

 

[blackchip]

Thank you.

Quote from Spectre2007:

there is a concerted effort to hit equities by wallstreet so their blunders in lending isn't as painful. They are extorting the Fed to bail them out, the announcements and bearish comments are timed to kill sentiment.