ES Journal Archive (2009 - 2010)

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up or down does not matter, give me volatility.
Now that they tell us all these traders are back, let
us have a few 500-point DOW days. Can't make money
with 100-point DOW moves.

914/916 or 895/898 support - if it breaks 895 then all the way down to 950 ...

935/937 and 956/960 resistance... if it breaks out above 960 then 1025 in a few days.
 
BTW, the new high made on friday was a 20 days tight range HH breakout.

It can trigger tons of trend following funds to at least tighten their stops on short position, not even talking about going long.
 
Quote from Lawrence Chan:

BTW, the new high made on friday was a 20 days tight range HH breakout.

It can trigger tons of trend following funds to at least tighten their stops on short position, not even talking about going long.

Too many call option buyers out there.
 
Quote from Lawrence Chan:

50% 914 area is likely tested if we do not attempt a new high in the 1st hour.

Looks like it occured to nobody that the former 918-20 SPX strong resistence area would be strong support...
 
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