ES Journal Archive (2009 - 2010)

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Quote from Lawrence Chan:

We were down 4% at a moment.

If the indices breach 4% again, 5% down is expected.

Vol, that's the reason why 790 was holding - someone is STILL trying to avoid the crash pattern started last week.
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someone is buying or they are holding it here and shorting it,dvol over uvol 17 to 1
 
Quote from vertigo3:

webmm,
since Pek seems to be on vacation, here is part of what he has posted for SDD. Judge for yourself


1. Market drops a decent 150+ Dow points in the first 60-90 minutes.
2. After that it goes sideways for about 3 hours.
3. Further decent drop that usually starts around 2 pm.

The most profitable play (just like with ADU) is the lazy method, try to get short as soon as you can, and just let the market kill itself.

One of the best short entries is around 11:30 or so when the Williams hits zero (MY NOTE: williams %r 10 period on 5 minute chart, some Williams %R are indexed to 0 to +100, some (traditional) indexed 0 to negative 100. you'll be able to tell by looking at the oscillation relative to the price movement)

back to Pek...
In other words if you see an early sell-off, be prepared to sell when the Williams hits the top of its oscillation range.)

If you can catch that, just stay short for the whole day, or at least until 3:30.
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Pek on vacation?
At this crucial juncture? when the low of year wil be made?

Hey Pek, Come back out on duty!
 
Quote from Lawrence Chan:

We were down 4% at a moment.

If the indices breach 4% again, 5% down is expected.

Vol, that's the reason why 790 was holding - someone is STILL trying to avoid the crash pattern started last week.
More...



That IHS play out and is not looking good for the T day crew.


BUT

I still think they are going to suck in some put premium this week. Lot of people sitting on 80-82 puts cheap from last week. Not a high probability that they will let them cash in big until after oe.
 
Quote from ammo:

someone is buying or they are holding it here and shorting it,dvol over uvol 17 to 1
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The crash pattern has been there for years and repeated many times.

Only a few is allowed to (or, by accident) happen. Since 87, the pattern is usually broken by late thursday.

Funny thing is, today, the gap down auto resumed the pattern at the right price level.
 
Quote from riskymove:

Question: Are you merely quoting this blog or is it yours? Just curious.
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Not mine, the link was posted on here or pmed to me. I can't remember from who off the top of my head. The 2 comments are interesting as well.
 
Quote from Pekelo:

Yes, so far it has been an SDD.



The Williams top hit short to the bottom hit was good for 5 points.

We could get a Wyckoff thrust in the afternoon, since we moved out of range today and the market might decide to fool people...
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Pek, when you use the word "thrust," are you using the term the way Wyckoff used it, meaning a thrust higher that fails?

...or are you talking about a "spring," meaning a push lower that undercuts recent lows and then reverses prices to the upside?
 
Quote from volente_00:

A 10 point range ?

No way man, the boyz are going to tag min 808 cash intraday.
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Dude, 808 cash or 806 ES is the next obvious resistance so that's a no-brainer. But according to the T-boyz manual, shouldn't we be hitting 1000 by now?
 
Quote from vertigo3:

Pek, when you use the word "thrust,"

...or are you talking about a "spring," meaning a push lower that undercuts recent lows and then reverses prices to the upside?
More...

This one. I wasn't aware that Wyckoff had 2 different usages, I use them interchangably...(spring or thrust)
 
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