ES Journal Archive (2009 - 2010)

[tortoise]

Quote from creekboy:

planning on shorting 1188.50

up the creek, then?

 

[volente_00]

80-82 sets up IHS

 

[ajcrshr]

http://www.zerohedge.com/article/ne...companies-assicurazioni-generali-cds-explodes

 

[creekboy]

up the creek - no just pulling my hare out-slow and steady wins the race

 

[JSSPMK]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3023276>

 

[gkramer]

Incredible volume at the close. Somebody was leaning the wrong way.

 

[rodmike9]

Quote from gkramer:

Incredible volume at the close. Somebody was leaning the wrong way.

End of the month, and for some shops their books closed today for the year.

fwiw, imo and ime

 

[JSSPMK]

Looking dodgy again. I would say descending triangle on Daily will attract HFTs again. Need to see strong buying, otherwise it could well be a repeat of May 6th. Wikileaks said would release info on one of the biggest US banks that may result in its collapse, Eurozone's future bailouts of Spain & Italy will have to be done on massive QE scale. Could this turn out to be too much for poor old market to digest? Markets react first, then digest.

 

[Trvlwanderer]

The ES daily support area at 1170-1175 is pretty obvious as is the descending triangle.

Note the eur/usd steady decline while ES is holding the support "line in the sand".

Note the eur/usd piercing 1.2975, the correlated area of current support for ES.

Worth watching the overnight reaction to this area.

 

[JSSPMK]

4th rejection of 1,170 zone leads to believe that upper resistance will be tested ~1,218 is my guess.