ES Journal Archive (2006 - 2008)

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2109216>

 

[Decel]

Quote from wave:

No, then it's time to buy and hold to 1500 where another considerable sell-off will occur. Folks questioned what drugs I was taking when I said under 1200. See you boys at 1500.

So, if you

Short 1042.

does it mean that it didn't fall hard enough? I'm assuming you're still bearish?

Bought part of the rally but didn't hold long enough (rather my stop was too tight...)

Edit: BTW, how are your positions currently wave?

 

[Pekelo]

Quote from Pekelo:

How about seeing today as an SDD? So far it is...Although I wouldn't be surprised if we ended in a rally instead of a LOD...

Interesting....

The meltdown (2nd step down) came right on schedule at 1:55, and as I had the feeling about a rally into the close, rallying we did.

Quote from JSSPMK:

Pekelo, what do people in the know say about oil at the moment?

I haven't read theoildrum lately, but I think there is a deflationary situation that helped to push the price down besides the economic crisis... One analist expects the inflation to return in 2009.

 

[smilingsynic]

Friday's close = 1109

Today's low = 1009

Rule of (the power of) 10.

 

[ammo]

Quote from JSSPMK:

Pekelo, what do people in the know say about oil at the moment?

Looks like my 'buddy' from Shell was spot on, access to actual intel is power so some would say

if you have about 40 minutes, go to www.quicksilverscreen.com click on documentaries.....click a-z alphabetical list,,click on letter O, find oil.smoke and mirrors,....interesting take on oil

 

[newguy05]

Quote from newguy05:

you guys are too negative, the market has already priced in so much crap. I think we may hit 1000 as the bottom for the next few months, expecting a reverse around mid/end oct.

1000 is almost tested, two situations will happen now

1) We rally to 1100 in the next few days, then a retest of 1000 around mid/late oct as the double bottom and begin the uptrend for the next 2-3 months

2) Today's test of 1000 was it, and the afternoon rally is the start of the uptrend for the next 2-3 months.

I dont use any of the sophicated dragon/frog/peacock whatever patterns, just look at the price action, volume, vix, s/r, and put/call ratio. The rally this afternoon is a strong signal.

wait until end of the month before you bears eat me

note: we are still in a bear market and very likely to go lower next year, my analysis for an uptrend is for the next 2-3month before the next step down.

 

[ggoyal]

so what if it doesnt rally.


all that you just predicted is just gibberish??

 

[kinggyppo]

es renko chart set to 10.

 

[Specterx]

Quote from Specterx:

Tomorrow (or early this week) might well establish the temporary bottom for us in the 1050s region.

I'm expecting a big rally tomorrow unless Citi goes BK or something, the Aussie markets are up about 4-5% in their Tuesday session. The RBA did make a huge rate cut but bulls were in control all day.

 

[pulsescan]

We have at least another 200+ points to go on the ES to the downside. 60 min chart suggest that we are setting up for another leg down. If it does not complete today it should start to descend again tomorrow.