ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

My 4 hour shows a holding pattern ...

Making the daily eerily similar to Pek's 5-min chart - touched upper BB, hold there after the tight range day, and technically confirmed the upside breakout.

Shorts from below 20 without B1S2 holding strength may be in trouble if a final blow off is going to happen.

We started this run up from around mid-850, a 100 pt run up is approx mid-950. Not there yet.

If it is good for 10% run only, then the run should exhaust itself in 85 to 86 pts. Target around 940. That happened and seems to stopped the run.
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Meanwhile B1S2 is sitting on the beach relaxing (this is all noise to him)!:)
 
Why double bottom at 93?

Because the sellers at previous day low are too powerful to deal with. Having a double bottom there at 93 with neckline at 98 creates a move to jump up to 903 area so that later previous day low would hold. :)

Edit: 899 was previous day low
 
Quote from Lawrence Chan:

Opening range bottom tested, now the top.

If taken out, gap fill + 50% of yesterday at 910.
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Top reached and breached.

Next is the fight to hold previous day low and force for a run up to 50% of yesterday ... again :)
 
Quote from freehouse:

Meanwhile B1S2 is sitting on the beach relaxing (this is all noise to him)!:)
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You are PAINFULLY unaware of his position or the result of his trading since November. He has to close his short below 770 just to break even. And that means that he hasn't made ANY money since November...

But I am sure he is VERY relaxed... :)

Had he been less relaxed he would have doubled down above 930...
 
Bigger picture of things: 903.25 will be level to watch on the close. this was dec 31 close.

why important?
over the last 35 years, if the stockmarket was up first 5 days of january, for 86.1 pct of the time that year has been a bullmarket year.
 
Quote from Nagelis:

Bigger picture of things: 903.25 will be level to watch on the close. this was dec 31 low.

why important?
over the last 35 years, if the stockmarket was up first 5 days of january, for 86.1 pct of the time that year has been a bullmarket year.
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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.
 
Quote from volente_00:

Boy's looked weak but they did manage get futures from red to green twice during pre.



~20 minutes and then they are coming to give you 913 sometime today.
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Alright, I'll give your boyz half-credit for running the ball this far. It's a make or break deal going forward as 900 serves as a linchpin.
 
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