ES Journal Archive (2006 - 2008)

[pulsescan]

Quote from pulsescan:

looks like a bull trap to me.

Quote from pulsescan:

market is hovering around the lows of the day. could go parabolic to the downside. oops.:eek:

Looks like I was a day early on this one. I'm glad I caught some of this today.

 

[W4rl0ck]

LOL. Ok.

Isn't there a probability when the TRIN closese over 2?

IIRC Gap up the next day. I'm not taking the bet BTW.

Quote from BoyBrutus:

No rules in this game, sport

 

[saliva]

I dunno about you but according to my crystal ball, the bottom should be at 1235. But then again, we already hit the low of 1236.50. So that might be the bottom. I dunno. Anyway, I have an MIT order at 1235.25.

 

[Lawrence Chan]

We are not getting the volume for a flush low yet ...

 

[saliva]

Quote from Lawrence Chan:

We are not getting the volume for a flush low yet ...

But isn't it reasonable to argue that the only reason that we were able to come down so much today, which hasn't happened for some time, is that the bulls were flushed out in the first place? On a day like today, the market is more apt to close at the low of the day than to make a V-reversal.

 

[Lawrence Chan]

Quote from saliva:

But isn't it reasonable to argue that the only reason that we were able to come down so much today, which hasn't happened for some time, is that the bulls were flushed out in the first place? On a day like today, the market is more apt to close at the low of the day than to make a V-reversal.

Agree.

The 20 day tight range break can imply something very serious like 1200 area, or something less serious like 1230 area where the previous ES gap is. We could fill it today.

 

[saliva]

Quote from Lawrence Chan:

Agree.

The 20 day tight range break can imply something very serious like 1200 area, or something less serious like 1230 area where the previous ES gap is. We could fill it today.

Here's the tentative plan that I'm following at the moment. But as I stated above, I thing the LOD will be around 1235-ish.

 

[BoyBrutus]

Quote from Lawrence Chan:

Agree.

The 20 day tight range break can imply something very serious like 1200 area, or something less serious like 1230 area where the previous ES gap is. We could fill it today.

072908 was a gap day, previous close 1235. (my guess as to Salivas order )

We also got 071508 hod 1235.75

 

[vertigo3]

W4rl0ck,

TRIN
check Bespoke tomorrow, they sometimes run studies like that.

I Googled TRIN > 2.00 and found this study

good study, but it does not address the exact next day performance.

Here's the url

http://www.istockanalyst.com/article/viewarticle+articleid_2547553.html

there are probably plenty more out there.

BTW, a high closing trin today will only produce a strong rebound tomorrow if I do not get long tomorrow.

 

[Wrongside]

Buy Em here and get ready for a squeeze.

ESU08 1242.50