ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

Touching PP at 23.5 would complete the need to go down.

Why not let it happen this morning beats me.

:confused:

Vol, hits your 31 boundary, what's next?
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LC, isn't 23.75 good enough?
 
Quote from Anna K.:

LC, isn't 23.75 good enough?
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Nope. Usually the PP is not just touched, but at least 1 tick below.

There was no pullback of 8 pts or more for this run up.

It is more natural to have a 10 pt pullback as oppose to going straight up, isn't it?

I will be watching 920-921 closely if that acts as support.

And NQ too - as it is challenging its year high today.
 
Quote from Lawrence Chan:

Nope. Usually the PP is not just touched, but at least 1 tick below.

There was no pullback of 8 pts or more for this run up.

It is more natural to have a 10 pt pullback as oppose to going straight up, isn't it?

I will be watching 920-921 closely if that acts as support.

And NQ too - as it is challenging its year high today.
More...

thanks!
 
Quote from Lawrence Chan:

NQ holding previous day high, staging a test of its day high now.
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Good point!

... and the COMPX is showing amazing strenth compared to the S&P500.

Historically, the techs will tend to lead the S&P when it shows weakness ... lets see if they can rally back to up to their highs.
 
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