ES Journal Archive (2006 - 2008)

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Quote from Spectre2007:

once this short term fear liquidity cycle is over 2 more days at most. I expect Holiday rally to start.

Cash is waiting to be put to use.

spec, what did you think about china market being down kinda interesting, are we leading again?
 
Quote from kinggyppo:

spec, what did you think about china market being down kinda interesting, are we leading again?

world markets are safe till China showcases itself for the Olympics.

I expect 40,000 on Hang Seng.
 
Update on NQ

As expected NQ got down to the multi day trendline and target was reached.

Quite an easy play with muliple confirmations.

Hope the NQ analysis did not interfere with the ES traders.

Anek
 
I'm inclined to look at the price action since about 10am as a bear flag. Expecting it ultimately to break to the downside and to new LOD. I'd hoped we'd climb back up to the low 1530s to provide a good short entry, but that seems less and less likely as the trading day progresses.
 
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