Quote from saliva:
I couldn't agree more. I'm looking at 865 as the possible HOD for tomorrow.
BTW, I prefer to watch gals over boyz.
I suppose the T day crew can be a gang of women that enj0y punishing men traders for being "short".
ES Journal Archive (2006 - 2008)
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I suppose the T day crew can be a gang of women that enj0y punishing men traders for being "short".
Quote from Zodiac4u:
I was hoping for 80-95
They only gave me that target as a minimum when they called me last night when trading 839.
For a bigger picturer, it worries me that we are making a right shoulder that will take us from 880 to 780 us very soon especially with a gap below .
http://quotes.ino.com/chart/?s=CME_ES.Z08.E&v=w
Breaking 874 and I'm looking at upside of 912 today. Prefer to see break after open. Should be a battle between 67-71.
Of it sticking in a bear market ? Not good.
31st is if i recall.
The problem with the market bottoming in general right now is even if the buyers showed, how many baby boomers are wanting to redeem their 401k in order to retire that will be selling into the strength ? Seems to be a ton of supply to distribute into every lower high until they are done.
Pivot 54.5 is likely the first target to test if ES open above that.
Even at overnight high of 78.5, the daily downside wedge is not taken out yet.
We need gap down, not up, to get a bottom.
Even at overnight high of 78.5, the daily downside wedge is not taken out yet.
We need gap down, not up, to get a bottom.
A gap down followed by a gap up is an island reversal and it is a very powerful trend change indicator. I think in 2003 it was an island reversal at the bottom...
yeah, just checked, here is the Nasdaq:
Open Low
13-Mar-03 1,297.74 1,290.59
Close
12-Mar-03 1,279.59
Only 7 pts got closed out of the 17 opening upgap.
One thing annoyed me most is that I could not participate in the 20-30 area bounce as they now happened twice overnight ... 
Quote from Lawrence Chan:
One thing annoyed me most is that I could not participate in the 20-30 area bounce as they now happened twice overnight ...
For me overnight session happens to hit a happier note. The bar ranges are smaller and that makes the risks easier to control. But its that dam sleep thing that f**k's with me. I certainly wish I lived near the west coast. I would work the night shift and I guarantee I wouldnt miss a thing.
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