ES Journal Archive (2009 - 2010)

saliva · Feb 20, 2009

And if you measure the profit move from the neckline, that brings it down to around 745, an easy reach of 740.

porge · Feb 20, 2009

u r something else, vol....wow..lol ..you are okay..seriously.....by the way, the 70 incoherent sell nq was nice....

volente_00 · Feb 20, 2009

Quote from saliva:

vol, take a look at the 5-minute chart. We're actually forming the right shoulder of an UPRIGHT head-and-shoulders. What sez you?

Beginning of left shoulder is a bit low but I guess it is possible.

volente_00 · Feb 20, 2009

Quote from vertigo3:

off topiic,
cnbc is reporting that for the past 13 years, Madoff did not make one single trade.
-not one.

and who paid off the SEC during this time ?

gangof4 · Feb 20, 2009

anyone have a clue wtf the news/rumour is that's caused this leg down?

saliva · Feb 20, 2009

Holy crap! Neckline just got breached.

But then again, I don't think this one's for real...not just yet.

vertigo3 · Feb 20, 2009

uh-oh,
I just got filled on my buy limit at 59.75

you better be right about a move to 780, vol.

porge · Feb 20, 2009

double top not a factor...not needed... recognized by porge but system said "weak stuff"...watch me not the double top...

Lawrence Chan · Feb 20, 2009

Now stock mkt wide valuation -

1. US equities are priced in USD

2. When USD is valued too strong against the other majors it would make US equities look cheap

3. Some speculators would short USD across majors with very small relative deposit. Then use the proceed to long the US equity mkt.

When volatility dies down, the trade will be profitable even if the equities stay at around the same price level.

If equities making $$, they win double.

Edit: Why it is bullish? Because the buying usually is done thru buy program.

volente_00 · Feb 20, 2009

Quote from gangof4:

anyone have a clue wtf the news/rumour is that's caused this leg down?

retail lunch time shorters ?

Gotta sell some more 76 puts to them bears before 3 pm.