ES Journal Archive (2009 - 2010)

[tomahawk]

50 ema on hourly tagged @ RTH R10.

 

[Lawrence Chan]

NQ breakout upside now.

Will see if 1586 to 1590 area acts as resistance.

 

[tstones]

sh 988.5, stop above high

 

[Decel]

Quote from MandelbrotSet:LOL, sincere good luck with that!

Thanks, I needed the time to re-assess my life situation, so I thought "Why not do something?"

I know many people who took and MBA and ended up nowhere different/superior, which scares me. I hope to be an exception to that rule.

If the 960-970 area holds, we could rebound and go substantially higher ... but I would look for the market to make it back down there (as I said previously) before we (might) get a strong resumption of the uptrend.

Yeah if we go higher I don't see how we could go much higher without a bigger retrace, unless the recession is *indeed* over. I'd see LC's 1025 call as the upper range of that second move (if it happens).

Maybe I'm an eternal pessimistic

 

[opt789]

Quote from Lawrence Chan:

My guess is that op ex price target for friday close is either 975 or 950.

Thus the urgency to take it down this way.

Based on what may I ask?
Everyone has been assuming 1000 for some time now, and they still are. 975 is possible but not probable, and 950 is not even a consideration – again based on current assumptions.

 

[jason586]

Quote from jason586:

Try again - Short (2) 987.25

Add (2) 988.50 - Stop 989.50

 

[satchel]

Quote from satchel:

L 984

looking good for a positive day. NQ

Closed 988.
Now 988 good R:R short.

 

[Lawrence Chan]

Quote from opt789:

Based on what may I ask?
Everyone has been assuming 1000 for some time now, and they still are. 975 is possible but not probable, and 950 is not even a consideration – again based on current assumptions.

Correlation between the friday close prior to op ex and the close on op ex.

 

[tstones]

out 87.75, not comfortable

Quote from tstones:

sh 988.5, stop above high

 

[Decel]

btw VWAP is @ 984?