ES Journal Archive (2009 - 2010)

[Bigpipn]

2nd Gap Rule In Effect

 

[Lawrence Chan]

Key level to watch is again in NQ.

If it fails to fill the gap by 10:30, watch out below.

 

[Jahajee]

Quote from kinggyppo:

long spy 72.65 stop 75.90

Hey King,
something's wrong with the stop @ 75.90

Is that a profit target ( very optimistic but long term would be a good trade) ?

 

[Pekelo]

Quote from Bigpipn:

2nd Gap Rule In Effect

Although good thinking, but incorrect observation.

Both the NDX and the DJX closed their gaps on Friday and the SPX got 1.5 point close to it, which is basicly a non-gap, so for all practical purposes, there was no gap left behind.

That doesn't mean we can't close this morning's downgap, it just means we don't "need to".

 

[Bigpipn]

Quote from Pekelo:

Although good thinking, but incorrect observation.

Both the NDX and the DJX closed their gaps on Friday and the SPX got 1.5 point close to it, which is basicly a non-gap, so for all practical purposes, there was no gap left behind.

That doesn't mean we can't close this mornings downgap, it just means we don't "need to".

10-4

 

[rock34748]

L 16.0
will add at 13ish
Stop below 10.5

 

[kinggyppo]

Quote from Jahajee:

Hey King,
something's wrong with the stop @ 75.90

Is that a profit target ( very optimistic but long term would be a good trade) ?

sorry stop 71.90 sometimes I can't believe what I am putting in here. no target will try to hold till end of day, was expecting a reversal higher up.

 

[porge]

87% of time u can expect reversal at 9 oclock......

 

[gangof4]

Quote from porge:

87% of time u can expect reversal at 9 oclock......

99% of the time when people on ET quote exact percentages, they actually pulled said % out of their ass in an attempt to sound smarter than they are.

 

[iloveoptions]

Quote from gangof4:

99% of the time when people on ET quote exact percentages, they actually pulled said % out of their ass in an attempt to sound smarter than they are.

You're absolutely correct 98.1% of the time