ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

Something not right.
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I mentioned yesterday that the indeces were out of sync. Today is the day when they are getting back in sync, so that's why the discrepancies... NDX has been underperforming, so it needs to outperform to get the equilibrium right...

At least that is my explanation. :)
 
NQ is catching up it has not kept up since the msft, google and apple reported.

Quote from Lawrence Chan:

NQ range 48 pts.

ES range 15.75 pts only.

Something not right.
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The odd thing is that if NQ is playing catch up, the move of 2% up, plus the back to back run up from yesterday ... can be a blow off setup that leads to much more down side risk.

Unless we build a better base here, it is hard to say if a summer rally is on its way.
 
I do not think so, major earnings out of the way. $ under control
oil down and financials stable. As long the $, Oil and Financials behave I think we grind higher. I change my tune if 2 of the 3 start to misbehave.

Quote from Lawrence Chan:

The odd thing is that if NQ is playing catch up, the move of 2% up, plus the back to back run up from yesterday ... can be a blow off setup that leads to much more down side risk.

Unless we build a better base here, it is hard to say if a summer rally is on its way.
More...
 
Quote from gwac:

I do not think so, major earnings out of the way. $ under control
oil down and financials stable. As long the $, Oil and Financials behave I think we grind higher. I change my tune if 2 of the 3 start to misbehave.
More...

Base building can be a higher low in 70-80 region.

Not necessary a new low :)
 
Quote from Buy1Sell2:

Will begin looking short again now. 135 pts per contract on that trade. Nice gain--very satisfied with the performance. :)
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Great trade.

Thanks for showing us how its done.

It's amazing how you can consistently hold through the whipsaws and headfakes which makeup a substantial portion of the futures indicies churning (not trading) action while keeping your eye on your goal(s).

Regards,

JJ
 
these bigger reversals usually last a minimum of 10 days,we're in day 7 so don't expect this rally to end before monday,end of month is next thur so could push up til then,1290 is the 38% retrace from the 5/19 1440 high,so we may have seen high for the day
 
A daily trendline is starting to form. 1270is is the bottom. Would love to see a washout to that level.

Where in TO are you from?

Quote from Lawrence Chan:

Base building can be a higher low in 70-80 region.

Not necessary a new low :)
More...
 
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