ES Journal Archive (2006 - 2008)

[RichardRimes]

Quote from blackchip:

Just throwing this out there, but isn't it likely that the market moves up until at least the end of the quarter?

It's still got a few points to go to reach the hi from a couple of months ago. Seem like that would be a likely target.

The fed and the ibanks would probably hold back any bad news until at then as well. I'm suspicious of the open market activity today tho.

just read an interesting article by the "Rev" Shark (on TSC) and he said that the last Friday of the quarter the market has gone down 60% of the time and tech %80 of the time....that the marking up of end of quarter is often over by Friday. FWIW

 

[Pekelo]

Quote from JimmyJam:

So I'm Long at 1542.25

Damn, and I have just predicted an at least 100 points drop for the Dow tomorrow. Hey, you might get lucky and I will have a miss after such a good run!

Pekelo (Sep 27, 2007 3:11:01 PM)
I say tomorrow we drop 100 for the Dow

 

[blackchip]

Good to know.

Quote from RichardRimes:

just read an interesting article by the "Rev" Shark (on TSC) and he said that the last Friday of the quarter the market has gone down 60% of the time and tech %80 of the time....that the marking up of end of quarter is often over by Friday. FWIW

 

[romik]

Quote from JimmyJam:

Example:

I was short from 1542, price went up to 1544, so I averaged in instead of taking a loss.
Why?

The original conditions that set the Short up still held, so I kept the position on.

Just closed the position at scratch (+0.25).
Why?

Over the frame of refrence that I'm looking at, the price action has gone bullish and I'm expecting a ramp-up into the close.

So I'm Long at 1542.25

Hope that helps.

Good trading,

JJ

Hm, and you were telling me that averaging down is just bad bad bad & that you would never do a stupid thing like that. A bit hypocritical, wouldn't you say?

 

[satchel]

With all the interest in BBands, here is a small thread, maybe better ones out there. Many links, chart pics and test results in this one.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=85719

I don't use em but they must have worked great today with the range for fades...

Enjoy.

 

[atticus]

Quote from atticus:

Tape looks poor. Sold ES 42.00 average. Short EURJPY from 163.65 average.

Covered half of EURJPY at 162.78 for 87 pips.

 

[volente_00]

1552 manana

 

[saliva]

Quote from volente_00:

1552 manana

Ya see vol, that's what everyone else is expecting as well. When the expectation is too high, however, there's usually a nasty surprise. I wouldn't be too surprised if this market is dragged back down to 1530 mañana.

 

[satchel]

Christ, have you seen the dollar. :eek:

 

[volente_00]

Inverse h and s on dow and spx

and ascending triangle on nasdaq



Maybe the chart is wrong, but we had nice resistance multiple times before at these 42-44 levels. My bet is those that try to sell it again don't get rewarded this time.