ES Journal Archive (2009 - 2010)

[Uncle]

Long at 765.75.. stop at 764.5.. target 770.2

 

[Lawrence Chan]

Quote from iloveoptions:

Since we didn't get any lower than 740's this week, do you see ES making an intermediate low next week before a 150 point higher?

This week is not over yet.

Edit: You probably see it now 60 is a very important level.

 

[Uncle]

Quote from Uncle:

Long at 765.75.. stop at 764.5.. target 770.2

Stopped out 764.5

 

[iloveoptions]

Quote from Lawrence Chan:

This week is not over yet.

Edit: You probably see it now 60 is a very important level.

Ok, I'll be hanging tight hoping you can make this market print in the lower 40's even though my gut feel says no lower than mid 50's for today.

 

[Jahajee]

Very weak market. Only thing to keep it above the 740/50 lows is the PPT.

 

[Lawrence Chan]

Quote from Jahajee:

Very weak market. Only thing to keep it above the 740/50 lows is the PPT.

Or the hope of PPT to pop the mkt around 2:30

 

[[Proximo]]

1151.50 Needs to be taken and held.

Otherwise this market is going to hell. Currently flat.

 

[volente_00]

IHS alert

 

[carson]

I will be shorting 760 on the way down. If executed, 5 pt stop.

 

[NeoRio1]

If you check out the 9 month chart you will see that over the last couple days the market has consolidated within a range. Before this range of course was the 10% drop over the last 5 days. There has been around 7 almost exact scenarios where there has been a drop and then a period of consolidation after the drop. In every situation the market headed up after the multiple days of consolidation.

Nothing worthy of making a trade yet until new highs are broken.