ES Journal Archive (2009 - 2010)

[Nagelis]

Quote from Lawrence Chan:

That is media worthy news for the public.

But statistically it is not significant due to the wild swing in terms of % changes in yearly high/low.

Admittedly irrelevant for short term daytrading. But thought it to be interesting enough to bear in mind as to gauge real money players bias.

 

[Lawrence Chan]

Quote from Nagelis:

Admittedly irrelevant for short term daytrading. But thought it to be interesting enough to bear in mind as to gauge real money players bias.

You got that right.

Thus if S&P cash is below but close to 903 area by RTH close, brokerage firms will pop the mkt to make the event happen. Something to look out for in the last 1/2 hr.

 

[startraitor]

exit 98, looking for reversal off 96-96.50 and attempt at breakout again.

Quote from startraitor:

shorting 904.50-906.75, stop well over 907, target 900-

 

[Lawrence Chan]

Quote from startraitor:

exit 98, looking for reversal off 96-96.50 and attempt at breakout again.

Nice ... I am completely clueless at this point

 

[Jahajee]

Quote from Lawrence Chan:

Nice ... I am completely clueless at this point

appears as if today is SDD again
but a modified SDD where most of the
down action will be after 2pm

ES could bounce as high as 915

HIGHLY UNLIKLEY MARKET WILL RALLY INTO TOMORROW'S UNEMPLOYMENT REPORT

However, market could rally immediately after a spike down when the report is released at 8:30 EST

 

[HooLee]

Don't see no trend, even down to the one minute intraday chart. Today's opening range was tested in the downside first and then broken to the upside and now ES drops back to that range, this is typically a sideway movement. Expect new LOD to be bought and HOD to be sold. We are waiting to see if Friday's job report gives the market direction.

 

[saliva]

Quote from saliva:

895 and counting. Another update will be made towards noon.

No need for me to remind you where we're trading. Boy does it feel like 2006 all over again. I don't think I want to go back to that snailass pace trading.

 

[newbie463]

hey pekelo?

is that an upside down dragon on the 5min cash?

target around ~ 909.5?

comments appreciated, thanks,
newbie

 

[saliva]

The trendline held up pretty well thus far. But just one more onslaught and I betcha it will cave under.

 

[Pekelo]

I don't see a doubletop anywhere. You have to have that one first to have an upside down dragon.

Now we had a normal double bottom a while ago, and it had a chance of failing when the candle hit the SMA, but then it went through without problem, so no dragon there either...