ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
This has been a low volume undercut of the previous lows. But can't consider long side until I see drop in VIX.
and some chart display of basing/head and shoulders.

I don't think the Fed's going to do anything, bt if they make any sort of an announcement 2:00 seems like a good time because NYC, Chicago lunch hours will be over and West coast will be 1 hour before lunch.

Curious to see if 1375.00-1373.50 can print usually see a bounce.
 
Quote from tomahawk:

I'm looking for a possible 10:30 or 11:00 bottom ... vix is ridiculous right now, up 7 straight points since 2pm yesterday.

Edit: 1 more point on the vix willl bring it to 35, +10 from the Tues low.

Edit: Vix put in at least a temporary top of 35.29 at 10:33
currently @ 33.81 10:49
More...

Edit: Well I was right ... for about half an hour .. lol. (ES climbed about 15 points off that 10:30 low, of which I managed to grab about 8)

Currently vix @ 36.78, ES 78.50 12:58pm
 
believe me, I know you can't predict a pattern, but the 1375.00-1373.50 level just printed and if past patterns are of any worth, this can be an intraday head of a shallow head and shoulders (inverse).
I don't know whether it'll happen but it printed and that's what I was looking for.
I have no positons right now.

VIX has to drop like a rock for potential price upside.
 
Quote from vertigo3:

believe me, I know you can't predict a pattern, but the 1375.00-1373.50 level just printed and if past patterns are of any worth, this can be an intraday head of a shallow head and shoulders (inverse).
I don't know whether it'll happen but it printed and that's what I was looking for.
I have no positons right now.

VIX has to drop like a rock for potential price upside.
More...

I'm seeing some strong long indications as well in this area V
 
Long 3 ym at 12578, looking for that battle. Stop at 12551.

Quote from bsparkyman:

Look for a battle for 12666 to hold on the ym, should a rally back up there and a lot of action there.
More...
 
From the Marketwatch.com web site:

"This market is going down like free beer. ... I would say if there had been a day when we're trying to price in a worst-case scenario, this might be it."

— Art Hogan, Jefferies & Co.

I like drinking up the free beer! Just wanted to share. :D
 
Status
Not open for further replies.
Back
Top