ES Journal Archive (2009 - 2010)

OTCkrak · Mar 8, 2010

guys check out rising channel on GBP/USD from 3/1 low.. looks very likely headed for new lows.

any ES/YM bulls must be dreading new highs for dollar index :eek:

jj69 · Mar 8, 2010

Quote from OTCkrak:

guys check out rising channel on GBP/USD from 3/1 low.. looks very likely headed for new lows.

any ES/YM bulls must be dreading new highs for dollar index :eek:

fx complex has been declining for good while now, yet ES is bumping up against, and TF has already hit new highs. GBP tried, but couldn't drag things down this morning.

OTCkrak · Mar 8, 2010

Quote from jj69:

fx complex has been declining for good while now, yet ES is bumping up against, and TF has already hit new highs. GBP tried, but couldn't drag things down this morning.

i'm saying that the next leg up for DX could be a powerful move equities will not ignore

if EUR breaks below "heavy" support at 1.34 and GBP will not hold 1.50.. the dollar rally can accelerate

jj69 · Mar 8, 2010

Quote from OTCkrak:

i'm saying that "the next leg up" for DX could be a powerful move equities will not ignore

if EUR breaks below "heavy" support at 1.34 and GBP 1.50.. the dollar rally will accelerate

Ya, I agree this happens, but not until we clean out the last index shorts.
spx target 1165-70

rock34748 · Mar 8, 2010

Quote from rock34748:
sh avg 1885.75 over weekend
target was 1883.5 to dump half, no go... sl moved to 94.5 hope Sunday doesn't shake me out.
exited half overnight 83.5
Just getting my message formatted properly for when I'm stopped out. My method/madness for NQ 94.5 stop is it should equate to a "strong" punch above ES 1140 resistance. NQ climb from 1777 area to 1888 area and basic s/r formed part of my decision to make the trade. This noob has to play it safe with stops, and believed it most important around this ES 1140 area.

Stopped on 2nd half; NQ didn't correlate to ES as anticipated (ES didn't bust above 1140 solidly) I could have adjusted stop but... flat for now.

Eko_Trader · Mar 8, 2010

I don't see why the bears will make a stand today. They haven't shown up at all. I think there's still beer left for this keg party

hermit · Mar 8, 2010

Quote from Eko_Trader:

I don't see why the bears will make a stand today. They haven't shown up at all. I think there's still beer left for this keg party

Correcto, as long as 38 holds.

ksonsinc · Mar 8, 2010

Retail are strong
technology is strong
steel oil copper are strong
Bears have to get scared comming out today

rock34748 · Mar 8, 2010

Quote from ksonsinc:
Retail are strong
technology is strong
steel oil copper are strong
Bears have to get scared comming out today

After I get stopped out of a short and see a few comments like this and "feel" scared to short... usually the market retraces a good 5% over the next day or hours as I just watch. :eek: Having said that, I see 1136-38 as the test range area for the day. Unless 36 breaks hard 38 is likely still OK for bulls. Although many are already dumping longs at 37ish...

tman · Mar 8, 2010

Quote from rock34748:

After I get stopped out of a short and see a few comments like this and "feel" scared to short... usually the market retraces a good 5% over the next day or hours as I just watch. :eek: Having said that, I see 1136-38 as the test range area for the day. Unless 36 breaks hard 38 is likely still OK for bulls. Although many are already dumping longs at 37ish...

+1