ES Journal Archive (2006 - 2008)

[ammo]

sal i agree, but the range for sep is 1303,1220,we're still going down but if all the sheep are short,the shepherds will take it back up

 

[Pholeuon]

My prediction:
1. We will rally big and end well in green

or

2. We will close widely around 1760
NQ and 1224 ES and this close will be swing bottom (as minimum for next week).

If 1. will happen than it will be tested more carefully but still it will be about double swing bottom.

I strongly believe that buying todays low will be very profitable (unless will not happen some real disaster during weekend).

 

[kinggyppo]

John Murphy has a book called Intermarket Analysis, kinda dated but gets into what you are talking about; he relates how bonds effect commodities to stocks, etc. You may want to check it out. Remember the USO trading at 45? The idea is commodities ultimately drive up bonds, etc.

 

[gwac]

stage 6
commodities go down

stage 1
bonds turn up (stocks and commodities falling) right now

stage 2

stocks turn up (bonds rising, commodities falling) soon

Quote from kinggyppo:

John Murphy has a book called Intermarket Analysis, kinda dated but gets into what you are talking about; he relates how bonds effect commodities to stocks, etc. You may want to check it out. Remember the USO trading at 45? The idea is commodities ultimately drive up bonds, etc.

 

[BoyBrutus]

Quote from ammo:

down but if all the sheep are short,the shepherds will take it back up

All the sheep were positioning long with talk of 1320, and now they are waiting for their chance to short.

Remember it's always best not to have any sheep on board as they only impede the move, they always take profits to early.

jagmot is the black sheep

 

[pulsescan]

This current market meltdown is looking to test support and crash right through it!!!!!!!!

 

[Lawrence Chan]

One thing to keep in mind is that indices now jump to their respective s/r levels much faster than before.

A 2 week move back in 2002-2003 can be accomplished in 2-3 days now.

If we are going to bounce, it will be done fast - like now, or never.

 

[vertigo3]

what time does trading over in London/and euroland end?
(in US east coast time)

TIA

 

[gwac]

nq is down 175 points since tues high or 10%, with no sign of stopping. Its a controlled panic....

Quote from Lawrence Chan:

One thing to keep in mind is that indices now jump to their respective s/r levels much faster than before.

A 2 week move back in 2002-2003 can be accomplished in 2-3 days now.

If we are going to bounce, it will be done fast - like now, or never.

 

[BoyBrutus]

Quote from vertigo3:

what time does trading over in London/and euroland end?
(in US east coast time)

TIA

dax 11:30 est during DST
12:30 est winter