ES Journal Archive (2006 - 2008)

Jahajee · Dec 17, 2008

Quote from Lawrence Chan:

Today's run up is so funny.

Every up move is about 5 to 8 minutes only. We've got 5 of them so far today.

Up and then flat, up and flat or shallow pullback, repeat .... which is bullish.

Yet, I remain unconvinced markets can continue for much higher.

But, it will breakout today or early tomorrow, one way or the other.

trackstar · Dec 17, 2008

Quote from ammo:

why,time od day, volu spike?

closed gap, sellers came in and it appear to me the buying is just keeping market afloat so there are people to sell into. I think could get a nice move to 885-895.

ammo · Dec 17, 2008

good to hear,that and stars sell at 912 give me hope,short from 901

trackstar · Dec 17, 2008

Quote from ammo:

good to hear,that and stars sell at 912 give me hope,short from 901

im selling on a stop at 906.50

ammo · Dec 17, 2008

906 is 61% fib for the 11/4(1007) to 11/21 (741) move

trackstar · Dec 17, 2008

Quote from ammo:

906 is 61% fib for the 11/4(1007) to 11/21 (741) move

Should have stayed alseep. Even my calls are worth less than they were yesterday at a lower price....lol

Lawrence Chan · Dec 17, 2008

Retail shorts on stocks and indices are forced to cover ...

Stops discovery all day.

No climax yet.

Lawrence Chan · Dec 17, 2008

$TICK index again showing extreme buying whole day ....

smilingsynic · Dec 17, 2008

Gap at 919 from November 10 on March contract.

Lawrence Chan · Dec 17, 2008

IF, we are reverting to the mean, then,

1. VWAP today stands at 905
2. 50% stands at 906.5