ES Journal Archive (2009 - 2010)

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ImPO 100 is a tad too dramatic at this stage, perhaps it would be more prudent to see what price action would be like when & if we get to 600-550 zone. You never know, they might come up with some new recovery plan that might bring optimism back
 
I dunno what all the fuss is about, but out of respect I will keep my trap shut for now.

As far as "crap" is concerned, it's what keeps me in focus. While you people concern yourselves with various technical indicators, I devote myself solely to market timing. Call it two faces of the not-so-same coin. :D


Enough said. Ciao!
 
there is an outside chance that the manipulative powers of the press and govt reports have this whole thing sensationalized and things as bad as they are are really not that unmanageable,and we will go to below 700,bounce back to 780 ,same bouncing ball we've seen for 15 months and slowlt trend dwn
 
Quote from plumber68:

Hate to rain on everybodies hope that we're going down, but could we just be in a up trend day for today ?
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When a major support level is taken out, you have stops, panic sell, etc. kicks in.

The earlier a retest of low of this morning happens, the better chance of a real bottom.

The longer the duration of a slow run up from open, the more likely the low will not hold.
 
Quote from Lawrence Chan:

When a major support level is taken out, you have stops, panic sell, etc. kicks in.

The earlier a retest of low of this morning happens, the better chance of a real bottom.

The longer the duration of a slow run up from open, the more likely the low will not hold.
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Watch the last hour very carefully. If ES closes below 725, then this market could go into a severe coma next week.

Sorry, I'm really going to shut up now.
 
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