ES Journal Archive (2009 - 2010)

[opt789]

A few interesting (and possibly worthless) notes on the cash monthly chart:
There were 4 months back in 2001-02 where the 940-950 area was important, and the sequence of monthly moves currently looks like it could repeat.
The white square boxes on the chart show how we ran under 800 then back to around 950 at the end of 2002, and that currently has a similar look to what it happening now. It lends some credence to those looking for a retest of 800 or below. But it could mean absolutely nothing and we just go higher (had to add that part to sound like a typical analyst).

 

[Jahajee]

Quote from saliva:

I'll join ya...down at 900.50

Stop at 899.

Me too ... at 895 OB for a 5 point scalp

 

[saliva]

Quote from saliva:

Filled at 900.25

Stopped out as planned. Sombody must have read it since it's turning right around.

No more of this nonsense of posting exact stops!

 

[Lawrence Chan]

No need to rush in.

Wait for 3:15 print

 

[saliva]

Quote from Jahajee:

Me too ... at 895 OB for a 5 point scalp

I hear ya. That would be an ideal place to hop aboard. I just felt that there might be some support at 900. Well, without taking me out first!

 

[Lawrence Chan]

50% pull back to 900 must hold (for the time being) to trap more longs

Next move, however is much less predictable.

 

[vertigo3]

LC,
what is signficance of 3:15?

worked beautifully for small scalp

 

[Pekelo]

This was the case of 2 different strategies giving opposing signals pretty much at the same time. All we got out of the dragon long is 20 mins hesitation between 905.5 - 907.5.

On the other hand the new LOD after 2 pm was 905.5 and that short went below 899 and now at 3:30 still around 903...

 

[Lawrence Chan]

Quote from vertigo3:

LC,
what is signficance of 3:15?

worked beautifully for small scalp

3:00 is close time of many other stuff like bonds, currency futures, etc. for the floor contracts. ES sometimes is used as a hedge to those positions.

By 3:15 if we do not get a significant sell off (like today) a strong bounce will take us back to 2:00 low.

 

[saliva]

Quote from Lawrence Chan:

50% pull back to 900 must hold (for the time being) to trap more longs

Next move, however is much less predictable.

How does 870 as tomorrow's LOD sound to you?