ES Journal Archive (2006 - 2008)

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Quote from Lawrence Chan:

p.s. That was a 50 pt drop man!
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Well, today we could see a 30 pts drop just to close the earlier gap (not this morning's upgap). I only count cash gaps and that is around 800...
 
Quote from saliva:

Any reason for this particular parameter at 9? (SMA)
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Long time ago when I was tinkering with it trying to find one that acts as resistance/support this came out as the winner...

On pretty much any timeframe...By the way nice calls and trading yesterday!

Here is the last 20 days' chart, look how many times it bounced from the SMA 9:

2i24w15.png
 
Pek,

I took a look at the PA in the AH AFTER Oct 15 SDD
and at the PA for the RTH of Oct 16, (which was your example of a trade day after an SDD).

The Oct 15 AH action established a low around 2:30am, worked higher, good gap up at RTH open.

Then, as you have commented, after 10am, prices moved lower and Px actually undercut the AH low before establishing a strong trend higher.

Road map for today?

picture of chart attached.
 

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Quote from vertigo3:

I took a look at the PA in the AH AFTER Oct 15 SDD
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I picked that date because that was the most typical action of a next day after an SDD. But October had I think 6 SDDs, and not all were the same (nor were the next days), so it is hard to tell or draw conclusions...
 
We should at least test yesterday's low sometime this week and then the lows from last week will be tested at some point in the near future. Staying short here.:)
 
Quote from Jahajee:

weird market action today, so far

there is a confluence of points at 805-808 - maybe it goes there before any rally
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Someone attempt to buy "value area" again ... size orders too.
 
11-26-08 09:24 AM

11-25-08 08:38 AM

11-24-08 07:07 AM

11-20-08 08:31 AM

Short one contract at 795.00

Initial stop 1075.00
Maintaining the stop here at 1075.00
Maintaining the stop here at 1075.00
Adding an additional 19 at 869.75 with the stop also at 1075.00
Total of 20 contracts short.
--Stop remains at 1075.00--I will be keeping this position small at 20 contracts due to the fact that I sold into an oversold market and must keep my stop outside of the noise. There could be quite a bit of noise with the bullish divergence on daily. The weekly and monthly remain strongly down.--
--Bought back Dec at 823.25 and sold into March at 822.00 (20 contracts). Stop will remain at 1075.00--
 
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