ES Journal Archive (2006 - 2008)

[ganesh6]

Wow, Almost a 60 point range on ES today.

 

[gorkgonzola]

this is my official petition to rename friday "fun day" or maybe "fun-chop-fun day"

(but i guess that's every day....)

 

[Chuck Krug]

Spectre,

Is that MA crossover on your charts the main signal you use to initiate a trade?

 

[elovemer]

green line target hit twice on wolfe wave

 

[Lawrence Chan]

Today just made a new record # of trades and bid/ask updates - 40% more than yesterday.

Edit: Across all stocks, indices, etc.

Unbelievable. :eek:

 

[elovemer]

.....ok if you start from higher low rather than the bottom....

 

[elovemer]

possible weekly divergence....

 

[volente_00]

Quote from volente_00:

sell first ask questions later


brokers running out of liquidity ?


Sell some more !


would be healthy to fill that gap from monday


then smoke some shorts to screw up retail again

close enough for a gap fill



and the shorts got smoked

 

[joeyata1]

vol you got the smoking fo the shorts 2 times this week. the monster 400 pt run and todays massive out of nowere 20 pt run.THATS THE EXACT REASON THIS SELLOFF IS NOT OVER AS THE CONSTANT INTERFERENCE IN THE FINANCIAL MARKETS BY THE FEDS AS STOPPED NATURAL FORCES FROM TAKING THE MARKET TO PRICES IT NEEDS TO HIT. this selloff would be long over if the panic that needed to happen to wash all the excesses
out would have been allowed to happen. the reason each piece of bad news hits the market is because present prices are not discounting it. we need a panic washout were the vix races over 40 to 50 then we can say a longer term bottoms in. till then every rally will be met with selling as nobody has confidence the bottoms in. no different than the housing market. till prices cascade down nobody will step in to start buying homes. the feds answer to every crisis the last 15 years has been to flood the market with money thus starting a bubble somewere else as easy money flows to the next gig. THIS PROBLEM CAN'T BE FIXED BY EASY MONEY. it will take time and pain as the weak must go under and the strong get stronger. at present the gov't is acting
like a socialist gov't interferring twice a week. LET CAPITIALISM WORK.

 

[mbusch]

Quote from elovemer:

possible weekly divergence....

That certainly does not meet my definition of divergence. To me, RSI divergence requires that price makes a lower low while RSI makes a higher low. Your chart shows price making a higher low, so the fact that RSI also makes a higher low is not significant...IMHO.