ES Journal Archive (2009 - 2010)

Brendan R · Mar 23, 2009

going up on very light volume....

swing-scalper · Mar 23, 2009

Quote from Brendan R:

going up on very light volume....

Actually I think it is a sign of strength, not weakness.

Reason: no sellers.

riskymove · Mar 23, 2009

Quote from Brendan R:

going up on very light volume....

Cash market volume (NYSE) isn't that bad actually - close to 500 MM already. Last week's figures were an anomaly due to expiration. Volume isn't heavy but it isn't light by any means.

Uncle · Mar 23, 2009

long at 799.25. Stop at 796. Targeting 803.7

Uncle · Mar 23, 2009

Quote from Uncle:

long at 799.25. Stop at 796. Targeting 803.7

Moving stop up to 797 and going for lunch

saliva · Mar 23, 2009

Quote from swing-scalper:

It appears that 800 resistance is going to be broken today. No sellers shown up at this stage.

No selling pressure to brag about, but buyers aren't much of a help either. Tastes and feels like a flat carbonated drink. Ya can't get any flatter than this!

saliva · Mar 23, 2009

Looking a bit more bearish. Small short 98.75.

If we break below 97, we could spiral outta control. Well, at least down to the low 90s.

ammo · Mar 23, 2009

sh 97 with ya, uvol /dvol 28/1 , edit...add 98.5

swing-scalper · Mar 23, 2009

Quote from saliva:

No selling pressure to brag about, but buyers aren't much of a help either. Tastes and feels like a flat carbonated drink. Ya can't get any flatter than this!

Remember how 740 resistance is broken. It is natural that the market is hesitating when trying to break a significant R/S level. Given the fact the market holds so well, I think the odds of succesful breaking is quite high.

saliva · Mar 23, 2009

Quote from ammo:

sh 97 with ya, uvol /dvol 28/1

The 97 crew is trying its mightiest to prop this baby up. The hint lies with the next 5-minute red candle. It should be a fairly sizable one, otherwise my ass is out before ya know it.