ES Journal Archive (2009 - 2010)

[veggen]

Quote from Daal:

I'm not a technical analyst so I'm curious guys, does today qualifies as a M bottom?I'm talking about the pattern from 13:00 to 14:15

NQ shure looks like it IMHO

 

[saliva]

Once it slides, it's going to be a fast one.

 

[Lawrence Chan]

Quote from saliva:

Unless Obama screws things up again, we should touch 700 within the next 2 days.

Enough said.

I am not a bull/bear.

Just that a support price level is touched, a bounce is expected.

An important one touched, the bounce is expected to be stronger.

I look for the strength of the bounce to figure out if the support level will likely be taken out or not.

e.g. We were selling straight down for 3 hrs, taking a break of 2 hrs is normal. How far it bounces up will determine if continuation can happen before close.

 

[ammo]

sh 52,see if imaginary bulls come in to hold mrkt up

 

[paul_alan]

Quote from JSSPMK:

Paul, so what happens if he decides not to let you know of his cover?

He'd get hate mail! lol
But he tends to be quite active most days. I still daytrade myself, but he just KNOWS where the market is going in the medium term.

As per my ealier post i am still short in my swing account.

 

[veggen]

On larger time frame it looks like a bear flag for NQ. Anyone think it is playable if it breaks down, or is it to scary considering the heavy S?

 

[ammo]

Quote from ammo:

sh 52,see if imaginary bulls come in to hold mrkt up

out 50, trans may bounce off 2620

 

[saliva]

Quote from saliva:

Once it slides, it's going to be a fast one.

Down we ride to the November low.

 

[ammo]

sh 46.5

 

[iloveoptions]

Quote from iloveoptions:

Quite oversold for the day. Long 756.75, I'll be adding to the position down to 748 stop- the abyss, target 770.25

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Added equal position at 748.5 . New target is 758.5

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Closed last add at 757.0

Re-entered equal position long at 746.50