ES Journal Archive (2006 - 2008)

[JimmyJam]

Quote from [Proximo]:

Absolutely delicious.

My thoughts exactly.

Well, I got to be right until about 1:30pm ET or so, then common sense prevailed and everyone else got their's (except B1S2, but hey, you can't please everyone).

Good trading,

JJ

 

[vertigo3]

I am not here to start a debate about gaps. I am only making an objective statement:
there is a gap still open from current price (1557 area) to

10/4, 4:00pm close of 1553.50,

or regular futures close 4:15pm at 1552.25

 

[storm121]

http://www.elitetrader.com/vb/showthread.php?s=&postid=1637791#post1637791

I dont see this as the start of a major selloff.

just the start of the rangebound market I talked about b4.Its gonna be a traders market for a while.

guessing a range of 1550ish to 1585ish until further notice. (missed the top by a point today)

blackguard

 

[atticus]

I haven't seen this many bear reversals since late 2000. Ominous.

 

[kinggyppo]

VIX

Yeehaw!!

 

[storm121]

NDX was up about 400 from the aug 17th low
SPX up about 205

so were down 33 and 10, and everyone is singing a bear market again?

hmmmm

 

[kinggyppo]

Quote from kinggyppo:

VIX

Yeehaw!!

Sell when it hits 60.

 

[Pekelo]

Quote from storm121:

so we are down 33 and 10, and everyone is singing a bear market again?

No, but the trend has changed. We reached the target area on the SPX by almost touching the upper BB today, and now we should be zig-zagging between the bands for the next 4-6 weeks. 1520-1580 on the cash.

Pretty much the same prediction what you said in the earlier post...

 

[Anekdoten]

Quote from Anekdoten:

BS,

My NQ breakout play was based on an inverse head and shoulder, the final target of the pattern is usually the length from head to neckline added to entry confirmation. This is about now.....

Anek

 

[atticus]

Many of the leaders took out 5-day lows on key reversals. Minimum target is 1530 by Oct expiration.`