ES Journal Archive (2006 - 2008)

[kamek]

Quote from vertigo3:

PPT has run out of dough buying up subprime mortgages.

nope, that loan ended on april 4th, they might hit the market with 400billion dollar 30 loan next week when the banks report.
just my opinion. freaky market

 

[bvam1]

Forgot to include chart.

 

[Buy1Sell2]

Intermediate trend remains up. Swing trend remains down. Long term trend remains down.

 

[bvam1]

That's why you were stopped out today

 

[trackstar]

Quote from Buy1Sell2:

Intermediate trend remains up. Swing trend remains down. Long term trend remains down.

Intermediate changing fast.

 

[bvam1]

Could be a good buying opportunity on close for swing traders like you BuySell - if touch 1335 major support line.

 

[elovemer]

one possibility

 

[elovemer]

....Larry says go long if can hold yester low of 51.25 after opening below it.... it couldn't.... so short....

.... don't know about his orb though....
Quote from smilingsynic:
The way Larry Williams used to do orb would not work today, in my backtesting.

 

[bvam1]

51.25 is simply a former support line, now a resistant line. Had that drew on my chart today, just in case. Actually, a close below 60.00 is confirmation that intermediate uptrend is broken. Next support line = 35 something.

 

[riaamaan]

My observation is that some deep pockets sure did seize the opportunity to sell that lift yesterday.