ES Journal Archive (2009 - 2010)

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Quote from Michael.jstocks:

not a loss yet ;)
adding at 43.
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I think we will bounce at the SMA on the daily which is 48 cash, 44 ES and then continue going upward, probably tomorrow. Until that line is breached, we are still in an upswing.
 
Are all the Program Trading professionals and hedge fund boys at a meeting somewhere?

The volume is light and moving as if it is actually being traded by humans.
 
Quote from Pekelo:

I think we will bounce at the SMA on the daily which is 48 cash, 44 ES and then continue going upward, probably tomorrow. Until that line is breached, we are still in an upswing.
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daily BANK,ES,NDX all look like a downtrend in place to me. I'll change my mind at ES>55, NDX>1710, BANK >1685.

Still holding SPY puts. Target ->gapfill
 
Quote from truehawk:

The volume is light and moving as if it is actually being traded by humans.
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We went up 40 pts in 3 days. It is called consolidation....
 
We are exactly on VWAP on daily and on VWAP on Rangebars and on vWAP on time bars.

Can you imagine how confused are VWAP boots now? I think they have instruction not participate in market under such conditions.

Very dangerous situation for HFT trading.
 
Quote from Pekelo:

I think we will bounce at the SMA on the daily which is 48 cash, 44 ES and then continue going upward, probably tomorrow. Until that line is breached, we are still in an upswing.
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It is a return to the mean thingy....A week or so ago it missled me because it oversot by 8 or so points, but then quickly returned to the downtrend.

Also, although I don't use EW, but a clear 3 downmove finished 3 days ago, and I think we are in the 2nd of the upwave.
 
I think we fall up to the 200Ema and S1 on daily both is appr 1000.

Do nto forget that up to the beginn of August the rally was easy "to the 200 EMA" on daily. Since that it is difficult, we need run "out of the EMA", it is much harder.

If we want show the strenght (I do not understand how it is possible in such economic) we need bounce from 1000 strongly. But I can not believe that we can go considerably up without help of the spring at the 200EMA place.

Can we penetrate it and fall down? Easily, but I think PPT will defend this position with full force.
 
I just noticed the IHS over the past week (RTH) w/ 40 pt height and NL around 55-59.

edit: actually I did anticipate the right shoulder forming, but I thought it would come with slope like the neck and fill the 37 gap.
 
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