ES Journal Archive (2009 - 2010)

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Quote from Jahajee:

According to AP, a US Airways plane headed to Charlotte has crashed into the Hudson River,
..... It was not immediately clear if there were injuries.
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It was due statistically speaking. We just had 2 years in a row without airline passenger death, and even 1 year is pretty rare, 2 in a row is unheard of. This year should be bad for fliers...

Edit: "...everyone aboard is off the plane and alive, officials said."
 
Quote from Lawrence Chan:

By tomorrow, if 870 or lower is the printed close, we know more downside is coming next week.

On the other hand, if it can land higher or equal to 880, the current sell off is over.

Option ex closes are very useful in this manner.

Edit: I was done trading since 3 pm. Not interested in the mess that is going on at the moment. :)
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I'd like to see 880 or higher, but especially 885.

I doubt that will happen--highest probability is listless Friday, and more downside next week.

After all, that gap at 800 SPX still is asking for it, so to speak.
 
Quote from tortoise:

Why would we know this?
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Last week I posted about having a structured view on ES.

We failed the swing low in the 60s but holding Dec low today.

Then the obvious target is that 60s area then previous month close.

If we stay below 80s, retest of Dec low is in order.
 
The question is no longer about will we retest the December low but what happens afterward? Well, for those who weren't around here last September, here's a chart y'all want to keep handy as a reference. BTW the crossover between the two trendlines seems to occur in July or August.

  • attachment.php
 
Hello! I’m new here! What is the best way of investing my money? Somebody told me Forex is one of the best! that’s why I’m here looking for information… is it really good for me? What is it about...?:)
 
Quote from saliva:

I thought you pretty much nailed it on the head when you wrote this yesterday. I see nothing wrong with having a personal belief about the market. It's only when the ego gets mixed with your belief does it cloud your judgment.

For example, suppose you believed the resistance should be at 40 but it turns out that it isn't. Well, as they say, don't fight the tape. Admit you (or your belief) were wrong and get out. You'll never regret taking small losses. By the same token, this also applies when you're in the money. If you believe the price target is at 25 but it fails to get there, don't linger around only to lose all your profit. Any profit is better than no profit. If the opportunity shows itself, you can always re-enter at later time.

Sorry if this came across as cocky. I have no intention of preaching to anyone.
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i am fighting a losing battle at this time,i almost always have a bear or bull bias,u and wave hit it today with,flip flop,u can only do that with a no bias ,or no opinion,hard to do but it must be put first
 
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