ES Journal Archive (2006 - 2008)

[pulsescan]

The market is on its way to the abyss

 

[Lawrence Chan]

This is the kind of flush I am looking for yesterday.

Getting close.

 

[Zodiac4u]

Quote from Zodiac4u:

53 is gone, next= 44/45, 34, 22/23 or 903?

Looks like 903 is left 100% pivot????

 

[Anna K.]

900 before close ? :eek:

 

[Lawrence Chan]

Price target / level does not work when there is a panic of liquidation ...

 

[Pekelo]

Remember, remember the 9th of October.

Also remember the after SDD play, we should gap up 20-30 points easily...

let's record ES is 921 at the close...

 

[newguy05]

one thing of note, today's volume seems much lower. about 60% of yesterdays.

lawerence, i think all your signs are coming to fruition soon.

 

[pulsescan]

bunch of bad earnings to come. market will still go lower. No bottom in sight.

 

[Lawrence Chan]

Quote from newguy05:

one thing of note, today's volume seems much lower. about 60% of yesterdays.

lawerence, i think all your signs are coming to fruition soon.

We have a panic low finally. The problem is that without value buyers stepping in - the risk of going yet lower is still very high.

I had high hope of a bounce to 40 to close out the day and that v0's projection would become very likely.

Now ... it is very hard to say.

p.s. The 100 pt swing mentioned yesterday happened too, so yes, all signs point to a bottom in the making.

 

[Pholeuon]

Nothing special we are in downtrend in tight channel on rangebars, the triangle bottom line from yesterday did not hold, so we hit the down line and stopped.
Computers do not have any fear or gread, they are simple trend following downtrend channel.

Btw, there is no power keeping us above the resistance line in this channel, rate cut or hair cut or any cut. Stopping us like wall.

Btw, us stopped the "standard bottom line of this channel"
Panic bottom line from where we are returning quickly above the standard is about 1200 NQ for today.

Deadly downtrend, I am curious when we will break this channel.