ES Journal Archive (2006 - 2008)

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MM's goals are to create price action that makes you want to puke a position.

slow velocity price travertion is usually not the direction of longterm goals.

rapid velocity price action gives intent and goals behind players.
 
Anyone else find the lack of volume on ES YM or NQ this afternoon interesting in light of all the moves today? Makes me curious is some big funds have been whipped around so much they are out of the game right now.
 
Quote from riskymove:

Anyone else find the lack of volume on ES YM or NQ this afternoon interesting in light of all the moves today? Makes me curious is some big funds have been whipped around so much they are out of the game right now.
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all the bearishness has created a scenario where anyone who could be short is short, and anyone who wants to be long is waiting for a technical buy signal at 1600..

so shorts are basically moving money between each other..thats why the market is not crashing, the money is not there or players are not there so the crash instigators can't capitalize as easily on it.

in order to crash the market, the market has to suck in new longs or players with a technical buy signal at 1600..
 
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