ES Journal Archive (2006 - 2008)

[volente_00]

Quote from regal_2012:

.

T-day boys will be hard at work in the overnight session.

Them boys are brutal

:eek:

 

[Lawrence Chan]

Quote from wave:

1028 break did not occur yesterday. All that thrust up and they put the brakes on right before 1028. Under 995 still long territory.

Classic valuation model at 6% yield, measured from the 2002 bottom, implies "fair value" at around 1030 for this year.

Those who trade long term yield based models will not buy until they see a discount of 10% (927), 20% (824). They are the final forces that defend stock prices before they go completely worthless.

 

[Spectre2007]

updated view

 

[fibaddict]

Quote from fibaddict:

we will break the lows no matter what.

I will only look to long when the lows are broken.

JMHO.

sticking to my prediction from yesterday.

 

[Pachoo]

Quote from fibaddict:

sticking to my prediction from yesterday.

Sorry for not remembering, but what was your prediction form yesterday? That once we went through the lows yesterday that we hit a short term bottom?

 

[pulsescan]

60min chart is not showing much conviction to the upside.
Should trade sideways to slighty lower. Possible inside day.

 

[Spectre2007]

out at 1009.

failure here leads us to 988

 

[Pachoo]

I just got a sell signal. Wow, can we not keep a gain for a single day?

 

[fibaddict]

Quote from Pachoo:

Sorry for not remembering, but what was your prediction form yesterday? That once we went through the lows yesterday that we hit a short term bottom?

my humble prediction yesterday was that we crash and break the lows. However, that did not happen yesterday, and the selling towards the close yesterday to me was weak.

There is no climax flushout yet, IMO. We need that to happen, before the sharp rally ensues.

Hence, I still think we CRASH today, BREAKING THE LOWS, and putting quite possibly "THE" bottom.

Cheers.

 

[Spectre2007]

updated view

at the bottom of ATR's trades should only be entered on the long side and vice versa at the top of ATR's.