ES Journal Archive (2009 - 2010)

[smilingsynic]

Quote from Lawrence Chan:

SS,

Thanks.

The run up to 800 and then drop it down to 775 by close can still be called an up day, isn't it?

4:15 close ES yesterday was 775.75. You do the math.

 

[ammo]

out86.5

 

[ammo]

sh 84,out 81.75 long 81.75,out 83.75

 

[ammo]

scalp lines

 

[ammo]

sh 86.5add 87 90 stop,out 85.25 sh 84.50,out 86.5

 

[startraitor]

stopped out, could not post but long again, target 91.50

Quote from startraitor:

stopped, reentering 86-87,, stop under 84.50

 

[ammo]

sh 89 add 89.25 90.5 stp stppd out sh 91,out 89.25

 

[opt789]

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.

Target reached. This rally has now reached the same % level as the others. It could definitely go higher, but now that the obvious target has been hit uncertainty is much higher.
I am not an expert in what to do, but I do know a lot about what not to do. Never underestimate bear market rallies.

 

[ammo]

sh 91, 90.50,add 91.5

 

[smilingsynic]

Quote from Lawrence Chan:

One thing to remember here is that if we do not print a bearish price bar today, ES will be the leader tomorrow to tag its own gap at 820 area. That will in turn pull up NQ.

So a close below 780 is very important for the bearish case to be valid.

Strong close--over 790. Bounced off of 780, not because of numerous buyers, but from what I could tell, a lack of sellers with conviction.