ES Journal Archive (2006 - 2008)

Lawrence Chan · Nov 10, 2008

RTH Only - R1 (48) must be defended for the gap to hold, otherwise we will have to revisit the pivot (26), thus filling the gap.

Will be a very interesting fight for the bull to hold its turf.

Zodiac4u · Nov 10, 2008

Quote from Zodiac4u:

Looks good but topside is starting to get weak. It looks like this maybe our last attempt to take out this here high. If we do a weak push up, we will probably get to 63/64. If its for real we should get to see 72 area.

Looks like we were a little shy of 63/64 but 62.50 is good enough for me and since the 200mav on the 15min is at the 41.40, I don't think we will close the gap. I do see us possibly pulling back and testing the 41.40 area before we go back up to take out the highs and possible get to the 72 area, I hope..

pulsescan · Nov 10, 2008

this mkt has been quite tricky lately so it will be interesting to see where we go from here? will we test the overnight highs or will we crash and burn right through support?

only time will tell.

wave · Nov 10, 2008

Remember, GOOG has to touch 250 again.

Folks the fun has only begun. I took a little drive around this weekend to assess how the wealthier neighborhoods are holding up. Well, I was surprised to see how much more empty commercial space is available and how many realtor lock boxes were on doors of many of the homes in these wealthier burbs.

Lock and load. Survival of the fittest is the name of the game now.

pulsescan · Nov 10, 2008

Quote from wave:

Remember, GOOG has to touch 250 again.

Folks the fun has only begun. I took a little drive around this weekend to assess how the wealthier neighborhoods are holding up. Well, I was surprised to see how much more empty commercial space is available and how many realtor lock boxes were on doors of many of the homes in these wealthier burbs.

Lock and load. Survival of the fittest is the name of the game now.

i don't know about the goog effect but this mkt is starting to look weak.

Pekelo · Nov 10, 2008

Quote from Pekelo:

Well, the SMA is actually around 950 on the cash

Cash high was 952 and we bounced back from it, as expected. Now about the upgap keep in mind that the cash gap is 930 or the Bigcharts/Yahoo gap is at 937, and that is what counts not the gap in futures....(although we closed the futures gap)

BoyBrutus · Nov 10, 2008

Quote from wave:

Remember, GOOG has to touch 250 again.

Folks the fun has only begun. I took a little drive around this weekend to assess how the wealthier neighborhoods are holding up. Well, I was surprised to see how much more empty commercial space is available and how many realtor lock boxes were on doors of many of the homes in these wealthier burbs.

Lock and load. Survival of the fittest is the name of the game now.

Why are you so fixated on GOOG?

Lawrence Chan · Nov 10, 2008

What if ... we sell all the way to the close and printing 880 by wed?

Daily continuation sell formation intact until 960 is breached in RTH.

wave · Nov 10, 2008

Quote from BoyBrutus:

Why are you so fixated on GOOG?

Because when GOOG touched 250, they told everyone it was a nasdaq glitch. Just like the FED refusing to disclose whose pockets were lined with the 2 Trillion. They know we don't have the $ or time/energy to challenge them.

kinggyppo · Nov 10, 2008

Quote from BoyBrutus:

Why are you so fixated on GOOG?

How about GS, take away that 30:1 leverage what is the fundamental value? This thing is dropping like a stone. I hope Warren has a covered call program.