ES Journal Archive (2006 - 2008)

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Thanks for inputs, Jahajee and LC.

LC,
I have no idea what an island like the one created by today's gap means,

the gap down on Monday (Dec1) and the Gap up today creates a hole in the chart at roughly 894.75 to 875, why would market have to sell off 100 pts?
did I read your comment incorrectly?

I guess I'm a little confused
 
Quote from vertigo3:

Thanks for inputs, Jahajee and LC.

LC,
I have no idea what an island like the one created by today's gap means,

the gap down on Monday (Dec1) and the Gap up today creates a hole in the chart at roughly 894.75 to 875, why would market have to sell off 100 pts?
did I read your comment incorrectly?

I guess I'm a little confused
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1. it has all the qualities of an exhaustion gap.

2. if the gaps below has to fill, 911-912 is a better top than 918 to ensure we drop down to test 806 or lower. At 918 or higher, 100 pt drop will land at or above 818, that last magically low as a support.

3. if you notice the price action so far clearly indicates non-stop buying to jump on board this rally ... while there is a 30 pt gap right below.

4. dollar yen going down :)
 
Quote from tequila:

i apologize for my english,i'm italian, but i fail buystop 908 10:30a.m
at last trade i hope
ciao
tequila
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did you go long or short?
and, at what price?

or do you intend to go long or short with a buy stop or sell stop entry order? If so, what is the entry stop order price?

if you already have an entry, do you have a stop loss order?
 
Quote from Lawrence Chan:

Edit: I guess whatever bad things expected to happen will not be enough to take this market down. So for the down trend to continue, a shock of some kind is needed as the trigger.
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No, a "shock therapy" is only a ruse. They NEVER run out of excuses on why the market does this or does that. However, once they feel their bellies are full, they'll fall on their own unsightly weight.
 
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