ES Journal Archive (2006 - 2008)

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probably a stupid question but I'm learning... If the bailout was denied the other day and the market dropped than how come when the bailout was passed a little while ago the es went down 10 points or so? I understand that the bailout passing was already priced in the market but logically I thought the es would stay put or rise a little at least from anyone covering their shorts who might have been waiting for the unexpected. Bear with me I'm sure theres a simple explanation. Thanks
 
Quote from mynd66:

probably a stupid question but I'm learning... If the bailout was denied the other day and the market dropped than how come when the bailout was passed a little while ago the es went down 10 points or so? I understand that the bailout passing was already priced in the market but logically I thought the es would stay put or rise a little at least from anyone covering their shorts who might have been waiting for the unexpected. Bear with me I'm sure theres a simple explanation. Thanks
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The senate voted yes to the new proposal that the house has yet to approve.

Two separate branches in the government.

Daniel
 
1181.00 will need to be hit or I will need to get a longer term buy signal before I will start cautiously looking long. Right now, I continue to look short as I have all week.

I still believe that there is a strong possibility of an 1100 test in the near future. As I have said before, I don't think 800 to 900 is out of the question.
 
Quote from Buy1Sell2:

1181.00 will need to be hit or I will need to get a longer term buy signal before I will start cautiously looking long. Right now, I continue to look short as I have all week.

I still believe that there is a strong possibility of an 1100 test in the near future. As I have said before, I don't think 800 to 900 is out of the question.
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Buy1Sell2,

I’m also looking for long signals once the market crosses the 81 level. I consider 81-83 to be the base of the Market Profile three day value area selling tail. Are you using a similar methodology to determine your directional bias?
 
Quote from rweiss21:

Buy1Sell2,

I’m also looking for long signals once the market crosses the 81 level. I consider 81-83 to be the base of the Market Profile three day value area selling tail. Are you using a similar methodology to determine your directional bias?
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No. I just consider this to be a resistance area on a longer term (as it relates to intraday) chart.

Anything that I do is based upon the method that I have outlined in this journal. I want to have my own way of defining trend and areas etc, so that I have a better understanding of what's happening.
 
Quote from rweiss21:

Buy1Sell2,

I’m also looking for long signals once the market crosses the 81 level. I consider 81-83 to be the base of the Market Profile three day value area selling tail. Are you using a similar methodology to determine your directional bias?
More...
rweiss,what timeframe is your mp chart with 81 area,daily, momnthly?
 
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