ES Journal Archive (2009 - 2010)

[ammo]

http://stockcharts.com/h-sc/ui?s=$BPNYA&p=D&yr=1&mn=0&dy=0&id=p53880483647 extremely high bullish sentiment,highest all year,could indicate the big one

 

[Decel]

Quote from ammo:

http://stockcharts.com/h-sc/ui?s=$BPNYA&p=D&yr=1&mn=0&dy=0&id=p53880483647 extremely high bullish sentiment,highest all year,could indicate the big one

That's a contrarian indicator right?

 

[ammo]

when a market is 70% bullish,the theory is that there are very few buyers left out there, so yes its contrarian

 

[riskaddict]

that is scary how do they measure bullishness?

 

[ammo]

http://stockcharts.com/school/doku....ors:introduction_to_mark#bullish_percent_inde

 

[riskaddict]

cool thanks

 

[redpr]

test

 

[Jahajee]

Am not bullish but...
I think the market rallies for a few days, or sideways to up
and then a concerted move down.

DISCLOSURE: I am in the process of closing my FEB XLF 13 puts

 

[Jahajee]

ES could go as low as S2 at 867

888/889 POC/PP is a potential breakout area

Very interesting that VIX is DOWN today, even though ES is DOWN.

 

[riskaddict]

Quote from Jahajee:

Am not bullish but...
I think the market rallies for a few days, or sideways to up
and then a concerted move down.

If we stay above 875area for the next few hours my guess is that the rally will be significant. Watching this tug of war is kind of entertaining.