ES Journal Archive (2006 - 2008)

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Quote from saliva:

Looks like we'll be closing near 875-ish.
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Here's a familiar refrain you would not want to recite again: Whodathunk the market would gap up (on Sunday night)?

Anyone willing to hold overnight?
 
Check out Amex adv/dec eod weekly line chart, looks interesting, seeing a bullish grail there


Quote from saliva:

Here's a familiar refrain you would not want to recite again: Whodathunk the market would gap up (on Sunday night)?

Anyone willing to hold overnight?
More...
 
Quote from JSSPMK:

Check out Amex adv/dec eod weekly line chart, looks interesting, seeing a bullish grail there
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I dunno about A/D, but I took a small position at 865 with a stop placed at 861. Hopefully it'll work out.
 
So today was pretty much like Nov 11th as mentioned earlier, and the next day was a selloff. I expect another big red day for Monday...

Oh yes, cash closed -38, 2 points away from my guess...
 
Quote from JSSPMK:

Check out Amex adv/dec eod weekly line chart, looks interesting, seeing a bullish grail there
More...

The shut out of 920 seems to me a forced play to either retest 840 for a IHS on daily, or 820 for a quick double bottom.

Bulls must show up there this time with real buying, not tricky squeezes. :cool:
 
Quote from Lawrence Chan:

The shut out of 920 seems to me a forced play to either retest 840 for a IHS on daily, or 820 for a quick double bottom.

Bulls must show up there this time with real buying, not tricky squeezes. :cool:
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Man, you're getting me all confused now. :)

I think we will retest 834 before making any attempt to reverse course. A double-bottom looks quite possible, but what the hell took so long? Moreover, the price difference between the peak (1008.50) and the trough (816.75) of this W-formation is a bit large to consider it as a double-bottom.
 
Quote from saliva:

Man, you're getting me all confused now. :)

I think we will retest 834 before making any attempt to reverse course. A double-bottom looks quite possible, but what the hell took so long? Moreover, the price difference between the peak (1008.50) and the trough (816.75) of this W-formation is a bit large to consider it as a double-bottom.
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I was as confused as you until I reviewed the time and sales at the 918 area. Then I start to understand.

834 to 840 is the next critical level ... and I am quite amused that by end of today, my next buy zone is in that area.

How do they print the tape in a way that enforces such thing? I do not have an answer for that, especially after 2 days of swings taking out all known price levels of support resistance, twice.
 
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