ES Journal Archive (2006 - 2008)

[trader_arb]

Quote from pulsescan:

This gap on open suggest a strong downside move for monday...i.e. "BLACK MONDAY".

Many key trend reversal days have happened on large gap down openings

 

[saliva]

Quote from pulsescan:

This gap on open suggest a strong downside move for monday...i.e. "BLACK MONDAY".

Tell me it ain't so!

For those who suffer from tunnel vision like myself, here's a myopic view into the future.

 

[Jahajee]

There seems to be enough bearish cockiness for a barn burner rally.

Remember: markets do not go up or down in straight line
and the FED's PPT can come in anytime.


Bears, be alert.

 

[osorico]

Quote from Jahajee:

There seems to be enough bearish cockiness for a barn burner rally.

Remember: markets do not go up or down in straight line
and the FED's PPT can come in anytime.


Bears, be alert.

Conspiracists hoping there really is a conspiracy. The US has always maintained a strong dollar policy. LOL

 

[gwac]

500 points hase been lost in the S and p, impressive who would have thought...

 

[xednise]

This guy has a pretty good understanding of market bottoms. We could get some bounces, but the bottom is no where close to being "in". http://www.youtube.com/user/thermal1

 

[iprph90]

i think it will be very interesting to see if 9/10/01 spy low 107.70 will be grossly violated rth monday.

 

[shooting star]

THE LAST worry for an intraday trader is what comes next....it can only run down up sideways and can do all 3 in one day very easily..all markets offer opportunity.......... .if it goes down all day tomorrow ur oscillators will lock oversold....lock as in not worth a crap all day long...as u never know when the up move is coming.....if all down day sell all day....if all up guess what? u know what to do...doing it is another story.....is it that simple...absolutely...is it easy to do...absolutely not....we put ourselves into the trading instead of letting the market show us what it is offering we try to whip the market and don't have a high accuracy mechanical system....psyche is worst problem of all........... we whip outselves.... i wish all here could make a fortune trading all markets.....mr vol......if the run is on use the 30 min chart for the best picture......not the 10....retracement on 10 look scary 30 min looks like another same old bar in run....running same direction as others buy low sell high in 30 min channel or 10 min channel....buy dips sell rallies...pro's do this ....with trend....novices argue that.......

 

[saliva]

Quote from shooting star:

THE LAST worry for an intraday trader is what comes next....it can only run down up sideways and can do all 3 in one day very easily..all markets offer opportunity..........

This might sound dumb in hindsight but all smart daytraders that I know actually know well in advance where the pivots lie and plan their trades accordingly. Abiding by your well-meant truism would prove fatal in my not-so-humble opinion.

Anyway, if the Spooz somehow miraculously crosses and closes above the lower line, you better change that one-way ticket for a roundtrip.

 

[shooting star]

Presenting a multi month chart to a 6 1/2 hr per day trader is absolutely the best of the best. thanks and have a great week trading ahead.