ES Journal Archive (2009 - 2010)

[startraitor]

flipping long at 89.75, small, stop under 87.25, target, eod if we get a rip up.

 

[mag]

This is kind of surprising. Volume has been way stronger on the downside but price action is so sideways.

 

[smilingsynic]

This does not look like a stepdown day to me--it looks like a rangebound outside day.

Intraday, I see no reason to buy unless price vaults above and stays above the previous day's low of 893.50 and the volume-weighed average price, which so far has proven to be strong resistance,

 

[saliva]

If we can get one more long red candle on the 5-minute, the rest should be history.

 

[razf1]

Can someone please pull the plug on this mofo..this is getting ridiculous

 

[Lawrence Chan]

It is exact repeat of yesterday.

Defend below previous day low.

Tried to pop it up above that.

If successful, short squeeze will do the rest.

 

[trackstar]

Everything saying up from here. Can we even get to pivot though?

 

[Lawrence Chan]

Quote from trackstar:

Everything saying up from here. Can we even get to pivot though?

The question is, can they do it back to back using the same trick?

 

[trackstar]

Quote from Lawrence Chan:

The question is, can they do it back to back using the same trick?

There have got to be a lot of stops at the high of this congestion. Chances are those alone will be able to make a bigger move than yesterdays weak ass pop.

 

[smilingsynic]

Quote from Lawrence Chan:

The question is, can they do it back to back using the same trick?

PP would appear more likely than new lows for the day--bet accordingly.