ES Journal Archive (2006 - 2008)

[gwac]

his speach was on reuters 15 minuts ago, mkt went up after

Quote from avarus:

New highs on a bleak picture painted by fed vice chairman kohn =
Mega Mega Short.

 

[kinggyppo]

Quote from avarus:

Know how to use the news. They are going to drop this market hard.

You are probably right, wish I knew when. Thanks for GOOG caught a little scalp, had a terrible entry though. Good trading.

 

[smilingsynic]

Quote from gwac:

his speach was on reuters 15 minuts ago, mkt went up after

There is a difference between genuine buying/selling (buying done for intellectual reasons such as value and momentum) and buying/selling done in order to generate responsive buying/selling (buying done in order to create buying interest into which merchandise is sold).

It is the difference between the accumulation and distribution phases of market action. See Tubbs and Wyckoff for this. Heck, go to eBay or an auction, for a more contemporary example.

Sometimes buying is done in order to trap in other buyers, who create buying interest. At one point the party is over, and the bagholders--the weakest hands, since they lacked the cahones to buy when prices were lower--are left standing.

There is no full-proof way to know for sure if buying is real or engineered, I'll admit, but there are clues, if one knows where to look.

That's all I can say; I've said too much.

 

[elovemer]

..... shhhhhh......

Quote from smilingsynic:
That's all I can say; I've said too much.

 

[gwac]

short here but I am not sure whether I am standing in front of a freight train ignoring all the barriers.

Quote from smilingsynic:

There is a difference between genuine buying/selling (buying done for intellectual reasons such as value and momentum) and buying/selling done in order to generate responsive buying/selling (buying done in order to create buying interest into which merchandise is sold).

It is the difference between the accumulation and distribution phases of market action. See Tubbs and Wyckoff for this. Heck, go to eBay or an auction, for a more contemporary example.

Sometimes buying is done in order to trap in other buyers, who create buying interest. At one point the party is over, and the bagholders--the weakest hands, since they lacked the cahones to buy when prices were lower--are left standing.

There is no full-proof way to know for sure if buying is real or engineered, I'll admit, but there are clues, if one knows where to look.

That's all I can say; I've said too much.

 

[avarus]

Quote from smilingsynic:

There is a difference between genuine buying/selling (buying done for intellectual reasons such as value and momentum) and buying/selling done in order to generate responsive buying/selling (buying done in order to create buying interest into which merchandise is sold).

It is the difference between the accumulation and distribution phases of market action. See Tubbs and Wyckoff for this. Heck, go to eBay or an auction, for a more contemporary example.

Sometimes buying is done in order to trap in other buyers, who create buying interest. At one point the party is over, and the bagholders--the weakest hands, since they lacked the cahones to buy when prices were lower--are left standing.

There is no full-proof way to know for sure if buying is real or engineered, I'll admit, but there are clues, if one knows where to look.

That's all I can say; I've said too much.

Shut up or the markets will reach equlibrium! Well only if everyone had deep pockets. The minority controls the majority.

 

[JSSPMK]

Still sidelines for now, waiting for hourly to start showing weakening p/a

 

[avarus]

Now if we break 92, pay close attention to the tape volume and ask yourself questions based on the volume transacted above that price.

 

[saliva]

Short @ 8400

 

[JSSPMK]

Long 1382.5 off 1 gunning for either upside BO or H&S set-up

-0.5

re-entry