ES Journal Archive (2006 - 2008)

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Hey Spectre... replace your wireless mouse battery!

:p That said, I think we rally tomorrow... I have no idea about the 1555 level you're suggesting, but it could be good for 30 or more points over the next day or two.
 
Quote from Spectre2007:

replaced...

we are at almost the very bottom of the ATR...2 weeks before FOMC meeting.

the circles are basically fractals.
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what can engineer a breakout?

as the FED cuts progress and time rolls along, market pundits and media whores, will say that the housing slowdown is behind us, and prices have stabilized.

new war with Iran/reflexive short covering rally. As market participants doubt the intensity of the rally prices progress higher in low volatility moves above the critical 1600 level, when most everyone is convinced technically and sentiment wise that we are moving higher, then another key market juncture is approached.
 
Quote from Spectre2007:

what can engineer a breakout?

as the FED cuts progress and time rolls along, market pundits and media whores, will say that the housing slowdown is behind us, and prices have stabilized.

new war with Iran/reflexive short covering rally. As market participants doubt the intensity of the rally prices progress higher in low volatility moves above the critical 1600 level, when most everyone is convinced technically and sentiment wise that we are moving higher, then another key market juncture is approached.
More...
Sounds good to me.

It's been a massive 2 week continuous drop in the financials since the start of the new year, and all of the money is chasing the Ags which are making limit up moves. While I'm purely a technical trader, I'd say a major portion of the downside is behind us for the Spooz and his bretheren, not ahead of us.

Short term, I'm definitely looking for a bounce, period.

Mid to longer term, I'd say bounce, another drop, though much less severe than the last one, then a major bull move that squeezes those who are still positioned short and refused to take their profits.

That's just a point of view, mind you. When it comes time trade, I'll take my signals (and right now they're bullish on the financials and bearsish on the notes).
 
Quote from MandelbrotSet:

Sounds good to me.

It's been a massive 2 week continuous drop in the financials since the start of the new year, and all of the money is chasing the Ags which are making limit up moves. While I'm purely a technical trader, I'd say a major portion of the downside is behind us for the Spooz and his bretheren, not ahead of us.

Short term, I'm definitely looking for a bounce, period.

Mid to longer term, I'd say bounce, another drop, though much less severe than the last one, then a major bull move that squeezes those who are still positioned short and refused to take their profits.

That's just a point of view, mind you. When it comes time trade, I'll take my signals (and right now they're bullish on the financials and bearsish on the notes).
More...

keep an eye on the XLF, its a good leading indicator.

http://quotes.ino.com/chart/?s=AMEX_XLF&v=dmax
 
Asia is showing signs of live. If we can get Europe to follow through in earnest we might just get the relieve rally after all...

I think it's great that we are able to share our thoughts on the market here. Specially if we are able to derive the same conclusion at the same time, as we observe her from so many perspectives.

Definitely an edge I would say !!

:cool:
 
Quote from Optionpro007:

Asia is showing signs of live. If we can get Europe to follow through in earnest we might just get the relieve rally after all...

I think it's great that we are able to share our thoughts on the market here. Specially if we are able to derive the same conclusion at the same time, as we observe her from so many perspectives.

Definitely an edge I would say !!

:cool:
More...

Chinese Government will goose its market up for the olympics...
 
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