ES Journal Archive (2009 - 2010)

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Pick your side and stick with it, that maybe the only way to make a little in this market today.

Triangle is in the making, breaking out is to be closely watched.
 
there seems to be a tremendous long bias on this board.....excitement level spikes when buy or long is thought to be near.......that is a result of stock trading too long....where no up no money for most.......
 
Quote from porge:

there seems to be a tremendous long bias on this board.....excitement level spikes when buy or long is thought to be near.......that is a result of stock trading too long....where no up no money for most.......
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funny, I think just the opposite. there seems to be a bear bias here. dangerous, as I worry about a squeeze higher, given the speed of every bounce...

look at yesterday: 1 way up and a lot of pain for those who were suggesting that selling was the easiest way to make money....
 
I have no clue what is going to happen tomorrow not that I ever care :p might take the day off I think it might get near 50 degrees and I have to get out of the damn house. If I listen to my emotional side something is making me feel fearful of getting to short. How far down can it go? 750? after last year losing 50 points ain't shit. I've been using a lot of puts kinda creating straddles and its been working great all week. Usually once i feel bulletproof the worst thing possible happens. In this case if the market goes in the same direction for several days in a row Im screwed. I think I'm gonna play it like my new idol LC and just wait.
 

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Quote from Pekelo:

The last 5 days on an hourly chart looks like an inverted H&S, with RSI divergences all the way....
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yeah, one can discern an IHS.... see attached SPX hourly

SPX 840/45 is strong resistance, failed three times to overcome this during the week. But if it does then first target would be 50% retracement of the recent range (804.5 to 943.85), about 875 SPX ( approx 872 ES).

Note MACD has in fact crossed up but still below zero line (3rd panel), and Momentum Oscillator is stil below zero but creeping up to zero line.


The ASTRO guys say SPX rallies from here to about Feb 9th when there is another CIT - up to down. One astro fan says there will be weeks of declines after that. We shall see.
 

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