ES Journal Archive (2009 - 2010)

Lawrence Chan · Jan 20, 2009

Someone asked about S3 that I used.

My S3 is 801.75-802 which is difference from the PP - 2 Range version.

Lawrence Chan · Jan 20, 2009

Quote from Lawrence Chan:

Just a thought,

On Inauguration date, wouldn't that be a great start if,

Dow at 8000
NDX at 1100
SPX at 800

Triple round # is nice, isn't it?

Close enough?

freehouse · Jan 20, 2009

Quote from Lawrence Chan:

Close enough?

Not bad!

saliva · Jan 20, 2009

Quote from Lawrence Chan:

Close enough?

With this sloppy market action, the motto of the day is "anything goes." But I can envision ourselves hovering near 770 by tomorrow. (By definition, that's still a round number

)

Although it was a down day, damn was it messy. I was up in the morning, down in the afternoon, only to end the day near flat. Well, up just a tad over $100.

Jahajee · Jan 20, 2009

Quote from ammo:

when trin closes above 2,(2.66) ....75% chance of up opening

Yes. Markets extremely oversold, VIX up by almost 25% today.
The low for this move has been made or will be tomorrow.

Jahajee · Jan 20, 2009

Quote from Lawrence Chan:

Close enough?

Great.

Now, maestro, where does it go from here?

Jahajee · Jan 20, 2009

Quote from porge:

end of day comment.......when it is down sell when it is up buy.....weak hands countertrend.....

depends on the timeframe you are trading; I used 1m ES chart today and all my ES trades were long and profitable, except 2.

I lost some on XLF and UYG but these are IT trades that will be profitable soon. Financials and energy stocks are near a bottom.

Lawrence Chan · Jan 20, 2009

Quote from Jahajee:

Great.

Now, maestro, where does it go from here?

Ask Pek. He has a projected low ... I don't

Lawrence Chan · Jan 20, 2009

Quote from saliva:

With this sloppy market action, the motto of the day is "anything goes." But I can envision ourselves hovering near 770 by tomorrow. (By definition, that's still a round number )

Although it was a down day, damn was it messy. I was up in the morning, down in the afternoon, only to end the day near flat. Well, up just a tad over $100.

It was messy ... so many swings of 5+ pts while going nowhere.

princessa · Jan 20, 2009

Quote from Lawrence Chan:

Close enough?

yeah, i do remember you calling the triple round...nice call, lc.