ES Journal Archive (2006 - 2008)

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mich just out better than expected, new homes sales better than expected, durables better than expeted. Oil down and dollar up.

Not much for the bears.
 
Based on what, it just broke the 200 day moving average and its 1000 points above its low. So I would say say the dollar is looking very good.



Quote from Buy1Sell2:

usd/jpy in very long term downtrend. Be careful.
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Quote from gwac:

Based on what, it just broke the 200 day moving average and its 1000 points above its low. So I would say say the dollar is looking very good.
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Perhaps on the daily chart, but I am talking very long term trend here. I would more likely look at selling this pop in the long term downtrend.
 
fading something that just broke the 200d MA is not for me but who am I to argue.


Quote from Buy1Sell2:

Perhaps on the daily chart, but I am talking very long term trend here. I would more likely look at selling this pop in the long term downtrend.
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I believe that 1200 needs to be revisited before there could be any new upward trend. A break of the low on 7/22 would suggest that test near term. I would still be bearish at 1200, but would look closely at a more extended bounce. If the low from 7/22 is not taken out, that could open the door for 1300. The key is 7/22 low.
 
Yesterday both SPX and DJX stopped at their SMA on the daily. The NDX had a dragon formation (bullish) and the 2 days chart of it looks like a Wyckoff, so I call for more upside....
 
Quote from Pekelo:

Yesterday both SPX and DJX stopped at their SMA on the daily. The NDX had a dragon formation (bullish) and the 2 days chart of it looks like a Wyckoff, so I call for more upside....
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Would have been more of a prediction either yesterday afternoon or premarket this AM
 
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