ES Journal Archive (2009 - 2010)

saliva · Oct 30, 2009

Quote from JSSPMK:

'When' is probably one of the worst factors to be predicted. Just as Wave suggested - embrace a breakout & 'when' will become a secondary factor

Don't forget that even a broken clock is correct twice a day. You could be saying that the market will go up or down for ages and, while you might have lost your shirt in the process, it wouldn't surprise me if you were to get it right at some time.

(By "you", I'm not pointing to anyone in particular.)

ammo · Oct 30, 2009

Sal, Ben has another problem on his hands at the moment , do I prop up the dollar or do i prop up the market, what to do,what to do...i'm so confused

Lawrence Chan · Oct 30, 2009

Quote from volente_00:

Neck in the 20's ?

shoulder back at high 60's -70 ?

Spy option interest hints at that scenario

That is a bearish scenario because of potential HS on daily. I do believe 1200 is in the card, but only after a significant flush.

I prefer using time to measure this move -
After 1st week of November, be very cautious to stay short. =)

Price level wise at or below 1020 has to be tagged because that is the previous month low by Monday.

Lawrence Chan · Oct 30, 2009

Quote from ammo:

Sal, Ben has another problem on his hands at the moment , do I prop up the dollar or do i prop up the market, what to do,what to do...i'm so confused

If by Sunday night ES limit down, I believe negative interest rate will be in the card.

adadadog · Oct 30, 2009

Monthly chart, nd cash went up and came back down of 40periods ma, which is often areversal point since 2004.

JSSPMK · Oct 30, 2009

Quote from saliva:

Don't forget that even a broken clock is correct twice a day. You could be saying that the market will go up or down for ages and, while you might have lost your shirt in the process, it wouldn't surprise me if you were to get it right at some time.

(By "you", I'm not pointing to anyone in particular.)

You don't have to predict the time of a breakout, you just watch price get from A to B & react. Of course if one was to anticipate a turn, then timing is a lot more important.

I am a changed man, breakouts are in, indicators are out! JKing, won't abandon me histo on longer term charts

flatron · Oct 30, 2009

Quote from wave:

LONG!

Did you hold this long from 1037 area down to 1030? Are you holding it over the weekend?

adadadog · Oct 30, 2009

There is no reason to take it personally. I can be long or short. I was long term long, and immediate term short yesterday. I was long this morning, neutral at noon, short this afternoon. I am neutral and leaning toward short now. Now is the unsettled territory.

ammo · Oct 30, 2009

Quote from ammo:10/22

heres another divergence, trans up $1 ,dow up $135,another note is ,when tops are ending we get a lot of zig zag ,whipsaw, violent moves,its possible we are topping here

from the last 3 days , i would say the whipsaws are getting bigger, i'm pretty confident that the top is in

Pekelo · Oct 30, 2009

Quote from Lawrence Chan:

I do believe 1200 is in the card, but only after a significant flush.

Not this year. I expected to make it up to 1111 last weak to have the high of the year and I think at 1101 we already had it.
We probably make it up to the 1070-1080 area again to make a right shoulder and that would be the end of it for the year....

P.S.: I posted my long term short signal just 3 hours before the High of the Year! Maybe I should have a newsletter or something...