ES Journal Archive (2009 - 2010)

[Jahajee]

Quote from Jahajee:

Long holders (like me) looking for light at the end of the tunnel --
this from another forum:


There are not only trends but there is pressure that is applied to price by various influences. Right now looking at the markets it appears that a bear market rally is about to begin. With all the downside pressure being applied to price by news, price has been unable, up to this time, to breach or even approach the November lows. From what I have read there is huge short interest in many stocks that could create a temporary barn burner. This bear marekt is far from over, but bear market rallies take few prisoners. ""What will set it off? Expiration Friday? The inauguration? Some good news from congress? I have no idea, all I can see is that there is beginning to be a lot of stress in the markets.

From Briefing.com's tech :
Noted in the 10:00 update that while the index had edged up off the low, the pattern off the yesterday's high did not look complete. The follow through selling this morning has seen the S&P test support highlighted in the 10:16 update at 818/815 (62% retrace of Nov-Jan bounce and the Dec low). The pattern is now potentially complete and as mentioned in The Technical Take, extended readings did suggest potential for a recovery attempt today. Need to see sustained gain through intraday resistance at 828/829 to improve the odds for the turnaround with a secondary level at 834/835.

 

[freehouse]

Quote from Lawrence Chan:

Not really.

17 + 5 = 22

They were listening to what I say?

LC,

Or you are the BOT that took the 5 points!

 

[Lawrence Chan]

Quote from freehouse:

LC,

Or you are the BOT that took the 5 points!

I did light up

 

[wave]

There is a long setting up.

 

[ammo]

nice buy at 16.75 haj

 

[Jahajee]

Quote from Jahajee:

bot 2 @ 819.5

close 2 @ 822.50

 

[wave]

Quote from wave:

There is a long setting up. [/QUOTE

Short 23ish, long 20ish area

 

[Lawrence Chan]

S2 hold, look for S1, PP.

Edit: It is never that easy, isn't it?

 

[smilingsynic]

Quote from Lawrence Chan:

S2 hold, look for S1, PP.

Edit: It is never that easy, isn't it?

They try to shake you out of a good position with false breakdowns. That's the game.

 

[Lawrence Chan]

Notice NQ and ES RTH range are about the same.

Something is being staged.