ES Journal Archive (2006 - 2008)

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Quote from vertigo3:

saxon,
tough call
I like to see a 1 minute bar with over 15,000 contracts traded to suggest intraday capitulation., but as far as numbers for price, this is the area 1458.50-1457.25 for a bounce.
With all the traders that are on vacation this week and next, 15,000 contracts in one minute is a tall order. But at this morning's low "whisker" it was >12,000.
 
Quote from mbusch:

With all the traders that are on vacation this week and next, 15,000 contracts in one minute is a tall order. But at this morning's low "whisker" it was >12,000.

Exactly. Capitulation volume is relative.
 
I think every1 who posts here, me included, got caught off guard by this downdraft.

I can tell by the silence here.

even mbusch with all his fancy charts couldnt forsee this.

just a thought
 
Quote from islands111:

I think every1 who posts here, me included, got caught off guard by this downdraft.

I can tell by the silence here.

even mbusch with all his fancy charts couldnt forsee this.

just a thought

The one guy who did see it coming went to Mexico! :eek:
I bet Spooz is pissed that he closed that short position from 83.75!
 
Quote from islands111:

I think every1 who posts here, me included, got caught off guard by this downdraft.

I can tell by the silence here.

even mbusch with all his fancy charts couldnt forsee this.

just a thought

I shorted the open and been riding it down all the way. I wish! Just been watching like a deer in the headlights. My counter trend system is a bust on days like today.
 
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