ES Journal Archive (2006 - 2008)

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The run up matches the dollar yen pop but that was a very weak pop of 100 pips.

The gaps still have to be filled ...

On the other hand, we have an exact inverse intraday set up -

Yesterday we have a down gap not filled with down side breakout of 1st 1/2 hr pointing to a trend day.

Today we have up gap not filled with up side breakout again, so another trend day?
 
Quote from Lawrence Chan:

The run up matches the dollar yen pop but that was a very weak pop of 100 pips.

The gaps still have to be filled ...

On the other hand, we have an exact inverse intraday set up -

Yesterday we have a down gap not filled with down side breakout of 1st 1/2 hr pointing to a trend day.

Today we have up gap not filled with up side breakout again, so another trend day?
Under normal circumstances, that would be a proper play. But this ain't no normal times.

In the meantime, I'm hitching a ride down to the gutterville. Hopefully, 847 will remain a distant dream.
 
Quote from ammo:

sh 34,29,35,add 39.... if you combine yesterday and today on mp and make 1 chart ,we need to filll between 840 and 815,if we dont breakout above /below yesterdays h/l
31.5 bid for 1/2,add sh 36, add 36,lower bid to 29 ,30 min tl
 
An interesting setup today.

If they really want a good bottom, why not let the gap filled?

And if a good bottom is needed, why the gap below at 800 not tested?

My guess, now, is that they wanted a new low before year end.
 
This 838-40 range was a big support yesterday almost all day, and today it acts as resistance. If we break through it shorts will be smoked for good...

With a little stretch, we could say that we closed the gap (only 2-3 pts left on the cash), so that is not a problem, except the earlier gap of 800-810, but I guess bulls were just too eager to buy...
 
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