ES Journal Archive (2009 - 2010)

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Quote from Pekelo:

Do you want me to post charts when the market went UP 30 points in 2 hours??? Bearmarket rallies beat bear market drops...

Check the last hour's action on Feb 12th....

P.S.: When did we start to care about stocks?
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Would not jump into an agrument on what goes faster. :)

Just dropping a note here that if ES is going to continue its sell off, then b.band is your friend on longer intraday timeframes.

p.s. I hate slow grind bear mode but it seems we are stuck with that for now
 
Quote from plumber68:

What's your take on the run up ? Maybe taking out short stops before the employment numbers, then sell off again ?
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All that fundamental speculation is irrelevant.

The context of price is all you need to know.
 
Quote from Lawrence Chan:

Would not jump into an agrument on what goes faster.
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Now would I lie to you? Memory refreshment 101:

Between Oct 10th 2 pm and 14th 9:40 am the market rallied from 840 to 1045, that is 205 points in less than 2 trading days, including the Oct 13th last 90 minutes when we went 50+ points up...

Find me a similar drop in the last 12 months...
 
Quote from Pekelo:

Now would I lie to you? Memory refresment 101:

Between Oct 10th 2 pm and 14th 9:40 am the market rallied from 840 to 1045, that is 205 points in less than 2 trading days, including the Oct 13th last 90 minutes when we went 50+ points up...

Find me a similar drop in the last 12 months...
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Which is why we need a major LDD/flush out of >8% to mark a bottom.

Government is trying to do everything it can to stop this from happening (in equities and in real estate). If we would have let the early 2000s recession run its course we'd be coming out of it by now with a sound $ and more innovative technology. Instead of focusing on making this nation more efficient, the mega-brains focused on creating scams in the sandbox [that the Fed created with cheap money].

The game is over.

They need to step back and let this thing run its course or it will get much, much worse.

This market is so oversold that we need a 3-4 month rally just to neutralize the oversold conditions.
 
Quote from Lawrence Chan:

...

Just dropping a note here that if ES is going to continue its sell off, then b.band is your friend on longer intraday timeframes.

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I would think Bollinger would be equally useful regardless of the direction of the trend. I typically use daily rather than long intraday bands. What length have you found to be useful with intraday bands?
 
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