ES Journal Archive (2009 - 2010)

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29 area was taken out using AH, tricky thus not a convincing confirmation.

I am looking closely at 820 area in RTH to see if S1 would hold early in the day. If so the sell off will be stopped and a bounce into 35-40 area is not out of the question.

If 820 is broken and act as resistance, it will be a easy slide down to 807 for another test of low.

Since most of us here cannot afford a stop like B1S2, my guess is that most stops (both long and short sides) would be too close to deal with the morning actions.

Even with yesterday's sell off, the range is completely controlled within 30-day average!
 
Quote from Lawrence Chan:

29 area was taken out using AH, tricky thus not a convincing confirmation.

I am looking closely at 820 area in RTH to see if S1 would hold early in the day. If so the sell off will be stopped and a bounce into 35-40 area is not out of the question.

If 820 is broken and act as resistance, it will be a easy slide down to 807 for another test of low.

Since most of us here cannot afford a stop like B1S2, my guess is that most stops (both long and short sides) would be too close to deal with the morning actions.

Even with yesterday's sell off, the range is completely controlled within 30-day average!
More...

Let´s play 812.75, 809.00, 806.50 testing...:)
 
LC, yesterday I believe you said that the big guys are 3 moves ahead of everyone else. I dont doubt this. But I could interpret that a couple of ways, and I was hoping you could clarify what you meant (for what it means this week). Last month before the Friday jobs numbers, if I remember correctly, the sell off we anticipated happened on Wednesday. This month, Tues was up big, yesterday was down obviously, but pretty weak in terms of sell off. Just wondering what you meant. Thanks!
 
Ugly jobless claims - going to be tough to step in front of that NFP number in the morning now - my guess is market will have hard time getting much upside today unless we get down to 800 to 805 area.
 
Quote from Builder17:

LC, yesterday I believe you said that the big guys are 3 moves ahead of everyone else. I dont doubt this. But I could interpret that a couple of ways, and I was hoping you could clarify what you meant (for what it means this week). Last month before the Friday jobs numbers, if I remember correctly, the sell off we anticipated happened on Wednesday. This month, Tues was up big, yesterday was down obviously, but pretty weak in terms of sell off. Just wondering what you meant. Thanks!
More...

Not me. It's Wave!
 
Building a long position from 818 to about 805

Will hold for a while, not as wide a stop as Buy1 but
want to hold on for a few days.

Bot 2 @ 817.50

Will buy 6 more
 
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