ES Journal Archive (2009 - 2010)

[Pekelo]

Quote from smilingsynic:

NO ONE knows the future.

But some people are allowed to peek!

You just posted that right after I had a 2 ways perfect prediction.

 

[Lawrence Chan]

PP 15 if turns into resistance, we will likely fill the gap.

 

[volente_00]

Quote from porge:

best advice to newbies pre-market...never trade overnight .....trade intraday only.......when you get pro level in about 5 years position trade...

I disagree, I find afterhours actually easier to trade due to the slower pace. Like driving I45 at 12 am versus 12 pm. Postion trade ? What's that ? You want to be holding a 40 lot long durig the maintenance period when it opens gapped down 20 points ?

 

[ammo]

chart.............http://1.bp.blogspot.com/_lfVGLL63W...g/fS40wAMTyYE/s1600-h/12109bkxMonthly.GIF....

 

[kinggyppo]

Quote from Lawrence Chan:

RTH Only

R1 832.75
PP 815
S1 789.5
S2 771.75
S3 746.25

It is now clear that we have clear funds unloading action yesterday after I had a chance to review the tick data across the components.

If that continues today, the drop will accelerate.

How were you able to tell that this was fund selling if I may ask? someone on another thread mentioned the same thing. Thanks.

 

[paul_alan]

you dont need to think in this current market! lol
Short it and cover when you've made enough $$$

 

[Lawrence Chan]

Quote from kinggyppo:

How were you able to tell that this was fund selling if I may ask? someone on another thread mentioned the same thing. Thanks.

I mentioned that before in this thread.

Block orders from institutions usually show up in 1st and last 30 mins. At most, if they got some sizable orders, within the 1st and last hr.

Yesterdays, blocks selling showed up the whole day.

 

[Bigpipn]

Yen screaming that we are in big, BIG trouble.

 

[Lawrence Chan]

Quote from Bigpipn:

Yen screaming that we are in big, BIG trouble.

It is very odd indeed.

90.10 was touched and unlocked some huge selling there.

 

[paul_alan]

shorting here (807)and will put the big ones on on any sort of of bounce.