ES Journal Archive (2006 - 2008)

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Quote from wave:

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.

i see. that is a very interesting point. we will have to see what happens?
 
Key support from ES 929 to 933 (daily S2)

Break below leads to 905

it could be the market is unwinding the Friday late afternoon
exuberance, or has topped and started anotherleg down. I go for the former, with the rally extending to 1000 and above before another leg down.
NASDAQ very weak today.
 
Quote from Zodiac4u:

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..:)

I was wrong and they did close the gap from Fridays close and we have taken out the 41.50 to 37.50. I still like this area but I will not be looking long until we close back above the 200mav on the 15. I am still favoring upside today to challenge the highs and ultimately get to the 72 area.:)
 
Quote from Pekelo:

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...

Yahoo cashgap is closed.... We might get a similar day to Friday, upgap closed, then rally...

Edit: Pretty much the normal cashgap got closed too, only 1.5 points remained...
 
Quote from Buy1Sell2:

11-06-08 09:04 AM

11-05-08 02:54 PM

11-05-08 07:43 AM

Short 20 @ 988.75

Initial buy stop @ 1005.75
Buy stop lowered to 991.25
Buy stop lowered to 960.00
Maintaining this buy stop for now.

Assuming you didn't pull your stop, if this was poker, they would call that a bad beat.
 
Quote from Lawrence Chan:

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.

target hit.

support coming in at 20.
 
Quote from ammo:

9/19-10/27 daily, 935 is fib 23 % ,thur /fri res area on mp 930-937 long 34.5 29 and 32 bid ,22 stop
stopped out,still like em down here,usd/jpy and trans holding supports,97.85 and 3640
 
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