ES Journal Archive (2006 - 2008)

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Quote from ASusilovic:

nysestocks200daymaxs3ykba8.jpg


:)
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Daily version:
http://stockcharts.com/h-sc/ui?s=$NYA200R&p=D&yr=1&mn=0&dy=0&id=p07752237534
 
I keep telling people we are going to rally strongly soon.

every1 is full of doom and gloom.nobody wants to believe.

well,I know more than u guys think I do, we are definitely going to rally hard soon.
 
Looking to add shorts at 1350 if given the chance. I have first resistance as of right now at 1345 then 1353 then 1360.

If we can keep trading lower than 1345 before the day is all said and done I think we are set up to at least take out 1300 very soon.
 
Usually markets rally when all bets are pessimistics like now... however, I also see in a short lived rally (SPX 1420 tested) with a new downward leg.

Imo this market turned into a bearish mode... the housing trouble and financial woes are here to stay this year.
 
channels and zones...

even in bear markets, the intermittent windows of optimism, can lead to rallys that kill swing trader positions.

if you look at the bond market, its 'known'... we are in a 'slowing down' period... bond prices rallied significantly to above 121 on the march futures, now they just recently tested 115 handle..


so these sharp waves can kill macro fundamental positions...if the entries are with the median of the noise ranges..

a new face in the white house can lead to this window of optimism, enough to kill some bear equity positions.
 

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Quote from Spectre2007:

1321 is critical on 60 minute chart...

edit: lot of trading careers will end if 1321 is blown...
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Where there is smoke there is fire. I am getting a long signal here on divergence, not taking it. :cool:
 
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