ES Journal Archive (2009 - 2010)

[Lawrence Chan]

Quote from Pekelo:

We have just reached 100 points from the bottom , a 20-30 pts pullback is way overdue...

Op ex this week. Hard to say.

 

[Jahajee]

Quote from Lawrence Chan:

Op ex this week. Hard to say.

They will try to run the clock down to Friday's close, keeping it
in a narrow range. Most likely they fail. These are abnormal market conditions. Possible range this week - SPX 790 to 690

Down today, up Tuesday, down Wednesday, up Thursday and Friday

 

[kinggyppo]

Quote from Buy1Sell2:

Good morning everyone. One of the rules of this journal is that we don't use foul language. This type of communication has been creeping in more and more here and I would like to ask, once again, that you refrain from the usage therof. Thank you--Ishmael.

Hey buy1 what was the reason you covered your short where you did? bears can't fill the gap so far.

 

[kinggyppo]

short spy 77.20 for a scalp, overbought here. stop .30

 

[Ken More]

He explained that the 240 minute chart indicated to him to cover his shorts.

I was surprised not many commented on that call. The most difficult trade is holding a long term position long enough to accumulate massive profits and then, not giving a large portion back. Congratulations!

 

[Lawrence Chan]

Quote from Ken More:

He explained that the 240 minute chart indicated to him to cover his shorts.

I was surprised not many commented on that call. The most difficult trade is holding a long term position long enough to accumulate massive profits and then, not giving a large portion back. Congratulations!

B1S2 is pretty open on his style and it was clear to many here why he covered - a potential RSI div buy that will take some time to sit with positive readings. If that translate into daily level, ES can go all the way back up to 900 to 1000 level.

B1S2 may want to add more reasons.

 

[kinggyppo]

Quote from kinggyppo:

short spy 77.20 for a scalp, overbought here. stop .30

flat 77.40 someone is chomping the bid.

 

[startraitor]

short 67-79, stop over 72, target 55-.

 

[Pekelo]

Of course, everybody recognized what type of day we have, although the Nasdaq is very weak....

On the daily it looks like we are just finishing the 5th wave of the EW. I am not a user, but it does look pretty...

 

[Chuck Krug]

Quote from Lawrence Chan:

It is a double bottom already based on NQ.

yes, you are right, you can see 03/06/09 and 03/09/09 as a

double bottom in ES as well. In hindsight it always seems so

much clearer

break out above the 691.75 was a buy signal for swing trades.