ES Journal Archive (2009 - 2010)

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The past few rallies to put this one in perspective:
839.8 to 1044.31=204.51 in 2 days 24%
845.27 to 1007.51=162.24 in 5 days 19%
741.02 to 895.78=154.76 in 4 days 21%
666.79 to 758.29=91.5 in 5 days 14% (so far)
No reason we can’t be headed for a test of 800.
 
Quote from startraitor:

766 on cash would be a nice print, 100 pts in a week.
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There were similar rallies on 12/29 and 1/23 that fetched nearly 100 points in 4 days. But as we all know, they both ended very badly.

Weren't we also calling for the end of the bear market as we know it back then? :)
 
Quote from saliva:

Yeah, just rub it in, wontcha? :D

True, I was short 40 lots at 742. Unfortunately, I got stopped out at 753.75. Ouch or not, this was a stupid trade that I should have dumped much sooner. I'm mainly lying low for now. The last thing I need is to become prey to revenge trading. Only scalping for quick profits from both long and short.

As to where I stand in the long run, I'm still bearish to the core. I've been here and done this many times in my short trading career if that means anything (approaching 20). To me, this looks and feels like any ordinary in-your-face deadcat bounce in a oversold market. But then again, I'm just another noob.
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You are an infant noob with 20 yrs of trading experience? What am I? A sperm cell trying to crack an egg?

lol

Sorry to hear your short got cracked. I was short at 746 yesterday too but let it go.
 
Quote from opt789:

The past few rallies to put this one in perspective:
839.8 to 1044.31=204.51 in 2 days 24%
845.27 to 1007.51=162.24 in 5 days 19%
741.02 to 895.78=154.76 in 4 days 21%
666.79 to 758.29=91.5 in 5 days 14% (so far)
No reason we can’t be headed for a test of 800.
More...

TY opt789, very interesting information.

It is interesting to note the amount of information/statistics being posted on bear market rallies.

Consensus of the bears...


http://www.telegraph.co.uk/finance/...rket-rallies-only-delay-day-of-reckoning.html
 
790-800 seems to be a good target for this rally to end. Wednesday is FOMC day. So Wednesday or Thursday seems to be a good time for this rally to end and the downside will resume again.

Pure speculation here.
 
Numbers n such that 0 and 2 occur juxtaposed in the base 9 representation of n but not of n+1.



666, 731, 755, 812, 828

Just a thought...



Quote from saliva:

Where to now, folks? I'm told a rear-view mirror ain't a very good indicator.

What sez you about tomorrow's HOD and LOD?

:D
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