ES Journal Archive (2006 - 2008)

[sgc]

if anything, for all the longer term position players, the daily chart is in a TOP AREA trading range getting ready for a declining phase, not quite confirmed yet though, my shorter term charts are more dominant(advancing phase playing out well now)...

 

[gwac]

We need Apple/Rimm and Google to start moving, once that starts happening NQ will move up and ES will move quickly.

Quote from Lawrence Chan:

The price action from the 70 going down to mid-60s in the previous 2 swing lows tell a tale - huge accumulation there.

Shorts at that level can only bail out by buying right above there.

e.g. the 68 prints pre-mkt open

Did I said right below 70

Now, the hard part - to break through 50% of yesterday for the rally to stay alive.

 

[regal_2012]

system says we put in a major bottom this morning

I mean like a multi year bottom

serious uptrend from here

 

[GTS]

Quote from regal_2012:

system says we put in a major bottom this morning

I mean like a multi year bottom

serious uptrend from here

Quoted for preservation. ES @ 1275 when posted.

 

[gwac]

68 would be his bottom...

Quote from GTS:

Quoted for preservation. ES @ 1275 when posted.

 

[Pholeuon]

Under condition that we will not get bellow 68.
Did you notice how 200 EMA on daily stopped like brick wall NQ rally?
And do you think that with todays momentum we can break this wall and all those MAS those are a bit above todays ES high?

 

[gwac]

NQ PA is very bearish right now. It is trying to form a bottom around the 40, 3 test so far since the open.

Quote from Pholeuon:

Under condition that we will not get bellow 68.
Did you notice how 200 EMA on daily stopped like brick wall NQ rally?
And do you think that with todays momentum we can break this wall and all those MAS those are a bit above todays ES high?

 

[startraitor]

Long nq 1938, 1 car, 5 pt stop.

 

[Lawrence Chan]

NQ gunning for its gap.

 

[gwac]

where is the gap and from what date

Quote from Lawrence Chan:

NQ gunning for its gap.