ES Journal Archive (2006 - 2008)

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Quote from saliva:

Can anyone explain why there's such a large spread between the futures and the cash index?

S&P cash: -2 cash closes at 3pm and es closes at 3:15 ,es trades after the cash closes so up/down of each doesn't correlate directly
ES: +5
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Quote from smilingsynic:

Guys, there's an open gap down there in the 1325 area. Good place for a low-risk long as one awaits for the 1360 retest.
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Date and time of gap? Don't remember seeing it. Tx.
 
Quote from Pekelo:

SPX is 2-3 points away from the SMA 9, the DJX finished right on it. Tomorrow should be a nice up day....
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Agreed. Will likely play the ES from 7-9am, followed up by a time-out until consumer sentiment rolls out @ 10.
 
Why the SMA 9? I guess I tinkered with different settings and this one was that I liked the most. Isn't the Dow sitting on it nicely? :)

I guess there isn't that big a difference between them..

.............

We got another small difference between the 5 mins and daily charts that I showed earlier. On the 5 min chart it took 1 big red candle to pull back to the SMA, on the daily it took 2 days (2 candles) to do the same, but the direction and the pattern stayed the same.

So now we just need either 1 big or two smaller white (rally day) to reach the upper BB (I call this the SMA bounce) , and the pattern is finished...
 
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