ES Journal Archive (2009 - 2010)

[BoyBrutus]

Quote from Lawrence Chan:

The low volume problem persisted today. So definitely not a new year week problem.

Remember the bear market years 2001 - 2002?
Volume on stocks goes to almost nothing causing multiple market making firms to belly up.

Not sure if it is a sign that people are moving away from stocks and indices as mentioned here by B1S2.

Edit: Another possibility - almost everyone who has an opinion to long/short overnight had already done so.

"It was the kind of market in which not even a skunk could make a scent."

Reminiscences of a Stock operator

 

[vertigo3]

BB,
that stinks

 

[Jahajee]

Quote from Pekelo:

Come on now, Print Screen + MS Paint

yes. but too many keystrokes & opening another program...

Got info from Ammo.

 

[Enter Wisely]

Long 3 ES 74.00 STOP below 70 Target based on PA, 1st at 80.

EW

 

[Lawrence Chan]

1. Open is the high as of 1st hour.
2. New low by 10:30, breaking 1st 1/2 hr opening range.

Potential trend sell day.

3. S1 at 75.5 as resistance.

S2 at 65.5 in play.

 

[saliva]

Congratz y'all bears! If we can pounce the 70 level, maybe we can end the day at or near 855.

Carpe diem!

 

[saliva]

We're right at the TL that I've been mentioning for the last few days.

 

[Lawrence Chan]

Quote from saliva:

Congratz y'all bears! If we can pounce the 70 level, maybe we can end the day at or near 855.

Carpe diem!

70 is the decision making point - I am not sure if that will hold or not.

I am a rabbit, not a bull or bear. I jump towards the side where I can make $

 

[startraitor]

adding 72, stop under 70.

Quote from startraitor:

Trying to get long small 74.50-75.50, stop under 71, for a stab at 80+

 

[saliva]

Quote from Lawrence Chan:

70 is the decision making point - I am not sure if that will hold or not.

I am a rabbit, not a bull or bear. I jump towards the side where I can make $

Luckily, on the daily chart we're finally picking up momentum. So keep your hopes up.