ES Journal Archive (2006 - 2008)

[Xuanxue]

Zoom Out:

 

[lurefo]

Quote from smilingsynic:

Just a reminder: if the market fails at the previous day's high, the previous day's low often becomes the target. 1265 as the day's low and a close at the pivot would not surprise me.

This is not a prediction, but something to keep in mind.

Looks likely to happen, consolidation until tomorrow numbers.

Other scenario I'm contemplating is a last minute session run up to the HOD. With an open gap tomorrow above the major resistances.

We'll see...

 

[ammo]

Quote from Xuanxue:

Zoom Out:

tanks

 

[dstod]

From the homeboys at BESPOKE:

Over the last ten years, the S&P 500 has averaged a loss of 0.04% on the last day of the month, while it has averaged a gain of 0.29% on the first day of the month. This compares to
an average change of 0.01% for all days over the last ten years, indicating that the last day is typically weaker than normal, while the first day significantly outperforms. So far this year,the S&P 500 has gone up on the last day of the month 4 out of 7 times, and gone up on thefirst day 5 out of 7 times. If the market trades lower today, buying towards the end of the day for a short-term trade offers a high reward trade.

 

[Lawrence Chan]

NQ daily is in such a tight range, we can easily make a 20 days new high if NDX breaks 1875.

So, if it is done today, and that we reverse tomorrow - isn't that called "turtle soup"

 

[lurefo]

Quote from Lawrence Chan:

NQ daily is in such a tight range, we can easily make a 20 days new high if NDX breaks 1875.

So, if it is done today, and that we reverse tomorrow - isn't that called "turtle soup"

Cross fingers so the market doesn't reverse back on us on a false BO. I might even pray. But so far, I'm trailing at prev. LOD on NQ.

 

[lurefo]

Quote from Buy1Sell2:

I'm not certain how far this pullback will take us, but I will be looking to buy the pullback and get long on the proper signal. If it doesn't present itself, then I will stay on the sidelines.

As far as the very long term, I am still quite bearish.

B1S2, are you still looking for an entry long, like be a bull flag, an intraday BO?

Thanks.
Ludo

 

[Lawrence Chan]

Quote from lurefo:


Cross fingers so the market doesn't reverse back on us on a false BO. I might even pray. But so far, I'm trailing at prev. LOD on NQ.

Similar to B1S2, I am long term bearish.

But, I am looking for long lately.

 

[lurefo]

Quote from Lawrence Chan:

Similar to B1S2, I am long term bearish.

But, I am looking for long lately.

Same here. Makes me think contrarian now.

 

[gwac]

oil down $4, might give this a boost into the close...