ES Journal Archive (2006 - 2008)

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congrats to those who sold/wrote vol recently......drying up but could have that one way bot street down to 20/22 should this move prove NOT to be the stop hunters.
 
Quote from futuman:

Question is can a strong support give way with an anemic volume like today.

absolutely...........

we have a broken IVB off yesterdays "inside day" on the Daily....could prove to be significant now that we took out yesterdays lo.
 
Quote from atticus:

I'd suggest some form of volatility-target on exits.

Several years ago I looked at volatility bands. Your comment raised my curiosity enough to dust off my spreadsheet to take another look. V-bands for today look like this:

1387.01 95.00%
1378.51 88.00%
1374.76 80.00%
1370.00 68.00%
1353.00 Close
1336.00 68.00%
1331.24 80.00%
1327.49 88.00%
1318.99 95.00%

Basis cash with reversal percent probability at each level.
 
Quote from Lawrence Chan:

Pure press down of price to breakout point.

It is stop running and accumulation.
lc ,your saying this is accumulation down here?
 
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