ES Journal Archive (2009 - 2010)

[trackstar]

Quote from Lawrence Chan:

I see previous day VWAP at 894 area can put a pause to the drop ... of course I hope not! =)

Yeah I see I have mine at 893.50, but I usually ignore it. Never found any real way to use it. Back when I was working on automation I never could find an edge at all using it. Mean reverting to the close is much more reliable.

 

[Now is Now]

Quote from Now is Now:

BGT 899.00 S/L 89600 strailing

SELL 892.00

stppd

 

[trackstar]

Quote from trackstar:

Yeah I see I have mine at 893.50, but I usually ignore it. Never found any real way to use it. Back when I was working on automation I never could find an edge at all using it. Mean reverting to the close is much more reliable.

Cover add 896

 

[Lawrence Chan]

PP tag completed.

The usual opening bias is now used up, the rest of the day is up to the bigger picture.

 

[Lawrence Chan]

NQ has a high potential filling the gap below.

ES is showing a much different picture again.

 

[Now is Now]

BUYING 892.75 S/L 889.25

SELL 1/2 895.75 SELL 890.75 s/l trailing balance

CORRECTION SELL 900.75 not 890.75

 

[junglerott]

sh 95.25

out 94.50

 

[riskymove]

The bears better get going soon because there is still a ton of buying going on soaking all of this up. For the time being all we are doing is working over some overbought conditions that will allow us to move higher again. Would love to see the buyers give in but they haven't yet.

 

[Lawrence Chan]

Quote from riskymove:

The bears better get going soon because there is still a ton of buying going on soaking all of this up. For the time being all we are doing is working over some overbought conditions that will allow us to move higher again. Would love to see the buyers give in but they haven't yet.

Shorten op ex month. 900 tagged.

If they can, they would love to make 800 their closing price on next friday. But as you said, there are enough inflow here to keep things alive.

So 850 could be the reasonable target for them to work on.

 

[pulsescan]

Quote from Lawrence Chan:

Shorten op ex month. 900 tagged.

If they can, they would love to make 800 their closing price on next friday. But as you said, there are enough inflow here to keep things alive.

So 850 could be the reasonable target for them to work on.

Market should stay up until late Thursday/Early Friday. By the close on Friday market should fall apart.