ES Journal Archive (2006 - 2008)

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.....nice holding b1s2.....
.... the time away from your screen is alone worth it.... i reckon....
.... not to mention being on top of a winner
Quote from Buy1Sell2:
I am interested in what the activity will be once we get to 1260/1255 area. This will help me better determine what I then do with my position. I will likely hold short there:)
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Quote from vertigo3:

I feel like forrest gump today. cause I just sat here and did nothin'.

I guess that was a bearish wedge today.

I gotta go get fitted for a new, bigger, better dunce cap.
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ImO switching to lower time frame charts would have been more convincing to see last failure swing on triple D.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1827364>
 

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Only thing positive for this market is everyone is thinking it is going down....That may not be enough...

I love to see a calculation on how much was made from sub primes by all those involved to what a estimated cost will be to the economy and these same banks.
 
I think the worst is behind us.

I mean at this point this selling has gotten ridiculous.its completely absurd.markets look out about 6-12 months, so why not focus on the Future?

I think longs will bring out some heavy artillery tomorrow and blow these shorts out of the water.
 
Quote from atticus:

wow. How incredibly astute and of great predicitive value. So you're stating that the SPX will trade within a 120-point range? Funny, as vol predicts an 85-point range based upon March vola.

You really went out on a limb.
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My apology, we only traded in a 115 range so far.


:mad:
 
I've been super-busy and haven't been able to trade much recently but I just gotta chime in here after looking at the charts. Shorts may want to tighten stops around here as we look ripe for a 30-40 point rally up to ~1305 within the next few days. If we don't make the U-turn during AH tonight and into tomorrow, theres a good chance it could happen tomorrow morning if we make one more dip to ~1262-1268 IMO.
 
Quote from david Lee:

Is T day theory summarized as--

Tuesday has big range (or trend) for ES?
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Summary

T day theory.



MWF short bias


T days long bias



Short the up spikes and gap ups on MWF.


Buy the gap down and down spikes on T days.


10:30 is a important time when trading


rule of 10 says ES moves in 10 point intervals. If market is trending down and you want to fade the move, wait to go long when it drops 10 points fromt the previous low and if done properly you should be able to grab 8-10 ticks on the retracement.

If market is trending up wait for it to move 10 points over the previous high to short and then cover on the 3-4 point retracement."
 
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