ES Journal Archive (2009 - 2010)

[JSSPMK]

LC, If my vision was to come true, re-total buy out, CNBC keeps suggesting this as not a possibility but as if it is an almost certain event due, then where would that put S&P500 IYO?

 

[volente_00]

Quote from Lawrence Chan:

With you here, not a hero. Just nice gap play out by R10.

The rest of the day is too complex for me to figure out at the moment.

Funny how that works eh

 

[volente_00]

Quote from wave:

792 target today.

780 -785 gets the majority of 80 put sellers be.

 

[GCSICLRBC]

..

 

[manlycure]

Quote from Lawrence Chan:

With you here, not a hero. Just nice gap play out by R10.

The rest of the day is too complex for me to figure out at the moment.

Did you wait for the first red candle on a 1-min chart to decide on the long exit or was it just an R10 in close proximity to the gap?

 

[Lawrence Chan]

Quote from smilingsynic:

Lawrence,

Has S2 held so far? Then target previous day's low.

If previous low holds, then target daily pivot, which happens to be right by yesterday's VWAP.

I am home sick with flu, so not fattail until later, assuming I get in to the office.

S2 was not "tested" ... the run up is pure short covering.

Thus previous low test usually stop the move. This time, R10 already stopped it.

If there is a 2nd try, I am sure we will see PP.

 

[kinggyppo]

Here is a monthly chart of spy, notice how the biggest average true range is engulfing the market from 74 to 100. Good trading.

 

[vertigo3]

Quote from vertigo3:

sold 773.50
stop 778
target 764.75

still have resting buy limit at 759.75

moving protective stop to 772.25

 

[volente_00]

You shorts better watch out for them 10:30 boyz

 

[Lawrence Chan]

Quote from manlycure:

Did you wait for the first red candle on a 1-min chart to decide on the long exit or was it just an R10 in close proximity to the gap?

Was waiting for test of previous day low.

But real-time breadth says game over, so exited the trade.