ES Journal Archive (2006 - 2008)

[vertigo3]

thank you, Dmartin

This is the Wednesday of options expiration week and I've seen posts on here referring to it as whacky Wednesday.

For a long time, I used to just expect the opposite of Tuesday's direction for prices.

Maybe something will become more obvious after 12:30, but right now, to me, this market pattern intraday is not particularly inspiring for either direction.

 

[JimmyJam]

Quote from dmartin:

Banks have just turned red--as the piggies go (so its said) so goes the tape! Should be an interesting trading day.

DMartin

If you're going to make a statement, make it definitive.

The indices are mixed (NQ up, ES and YM down), the Bankers actually are neutral (with a whisper of Bullishness), the Trin is Netural and the VXO is Neutral with a bullish overtone.

In other words, what we have now, congestion.

Good trading,

JJ

 

[Spooz Top]

pathetic display by bulls......confirms my bearishness ......even a higher hi over 61 will be viwed to me as a conservative sell.

 

[elovemer]

... spooz...
... would you say that the diamond top is negated since we breached 56 ?

... or is it valid as long as we remain below 56 after having breached it ?

thanks
...respect...

Quote from Spooz Top:

pathetic display by bulls......confirms my bearishness ......even a higher hi over 61 will be viwed to me as a conservative sell.

 

[JimmyJam]

Quote from Spooz Top:

pathetic display by bulls......confirms my bearishness ......even a higher hi over 61 will be viwed to me as a conservative sell.

Price action couldn't make it past the previous day's high on the first thrust, m'man. That's all it was.

Look at price action. There's serious accumulation happnening here. Higher prices are a'com'in.

Good trading,

JJ

 

[dmartin]

Banks are in the red 0.29%--Cleveland needs one more game to get into the World Series--its not definitive as nothing ever is.

All The Best, DMartin

 

[elovemer]

cash gap now closed

 

[tortoise]

might we be coiling for the beige book?

 

[JimmyJam]

Quote from dmartin:

Banks are in the red 0.29%--Cleveland needs one more game to get into the World Series--its not definitive as nothing ever is.

All The Best, DMartin

Sure there is.

Bulls have the day if 1546.00 holds (Yesterday's Low).

Good trading,

JJ

 

[dmartin]

Yesterdays low was 1545.25--it that what you mean by definitive?

All The Best, DMartin