ES Journal Archive (2009 - 2010)

[freehouse]

Quote from wave:

Ha, they stopped right at 24. Not coincidence my friends, not at all...

Wave, probably because you have size to cover at 24....

 

[Lawrence Chan]

Quote from wave:

Today, may mark the bottom for a little while. We could get a nice run for the bulls.

Dude, a bid of 200+ at 24 scared them off

Hide your bid!

 

[Jahajee]

I think it can go as low as 810 AH or early in the day session tomorrow and then rally.
But, bulls have to overcome the Friday JOBs report which could be worse than last month

 

[Lawrence Chan]

Today in a sense, is a reversal day.

The sell off is not quite normal though.

If we touch S1 for tomorrow, which now conveniently sitting at 20.5, we may see a bounce into 35.

Good night all!

 

[Pekelo]

Duel!

Quote from wave:

848 is 1st target, 2nd target is 863. Unfinished business @ 863.

Maybe so, but not before:

Quote from Pekelo:

852-70= 782 projected 3rd bottom on the daily

By Friday....

 

[wave]

Quote from Jahajee:

I think it can go as low as 810 AH or early in the day session tomorrow and then rally.
But, bulls have to overcome the Friday JOBs report which could be worse than last month

Jahajee,

Think like the Lions my friend. Remember they are always three moves ahead. Don't think for a moment that they won't use that job reports to their advantage.

 

[fseitun]

Quote from wave:

Ha, they stopped right at 24. Not coincidence my friends, not at all...

I have 824 as a good support number on my charts too...why is it important to you? And what chart interval do you use for your analysis?

 

[wave]

My Power Trading Team I seek to put together one day.

A couple of expert technical traders.

A couple of sharp equity analysts that can read and understand a balance sheet inside and out and decipher the facts from the fluff.

A couple of expert option traders.

A couple of c/java coders with trading software development experience.

 

[Lawrence Chan]

Pek,

I spent quite some time on the dragon failure pattern.

The way I can tell that NQ must complete the gap fill today and such before the drop resume should impress you

NQ will be the reason for the dragon pattern to stop working IF it lands a double bottom or higher low.

Very annoying for those who are short ... including me.

 

[Lawrence Chan]

Quote from wave:

My Power Trading Team I seek to put together one day.

A couple of expert technical traders.

A couple of sharp equity analysts that can read and understand a balance sheet inside and out and decipher the facts from the fluff.

A couple of expert option traders.

A couple of c/java coders with trading software development experience.

I started a project like that almost 10 years ago.

I am now enjoying the fruits

p.s. The hard part is to spend time, enough time, to create a code base, that can be used for very strong research purpose.