ES Journal Archive (2009 - 2010)

[Placebo]

I was expecting a Doji day today, but looks like it will push higher.
:eek:

 

[saliva]

Quote from Placebo:

I was expecting a Doji day today, but looks like it will push higher.
:eek:

That's somewhat a vague statement.

Uhm, would you mind elaborating on how you came to that decision and, if we do in fact move higher, by how much?

Anyway, I do see the AH trannies really desperately trying to keep the damn price above 812 but I believe they will end up with a black eye. But I guess it doesn't matter since I'll be hitting the sack any moment now.

Ciao!

 

[Placebo]

Quote from saliva:

That's somewhat a vague statement.

Uhm, would you mind elaborating on how you came to that decision and, if we do in fact move higher, by how much?

Anyway, I do see the AH trannies really desperately trying to keep the damn price above 812 but I believe they will end up with a black eye. But I guess it doesn't matter since I'll be hitting the sack any moment now.

Ciao!

Your welcome

Looks like 800 is now support, maybe we get a bounce off and back up again today.

No more intervention today, a time for reflection by the bulls and bears?


All just hypothesis of course.

 

[startraitor]

long 808.25, add 807.75, stop 803, target 816

 

[JSSPMK]

It looks like ES June is heading towards 840-860 zone, 480's signal did provide some pullback, LC you were right, price is forming a divergence, perhaps 840-860 is where this bullish oscillation ends.

 

[Placebo]

If this puppy drops down to 800, I'm buying

 

[Lawrence Chan]

Quote from JSSPMK:

It looks like ES June is heading towards 840-860 zone, 480's signal did provide some pullback, LC you were right, price is forming a divergence, perhaps 840-860 is where this bullish oscillation ends.

Key to further upside in ES, or a reversal of the daily level downtrend, is that this current peak does not lead to a huge pullback. That way, the oscillators, etc. can all be corrected without damage to the formation of a higher low.

Anything holding up in the 760-780 area looks good to me.

When that happen, 840 area will be blasted thru like no tomorrow, giving you the 3rd divgerence. =)

Based on historical pattern, I believe this week will still be an up week.

 

[Buy1Sell2]

Quote from bidask:

hey b1s2, is the weekly ES chart looking bullish to you?

No. It would need to get in to the 950 to 1000 range to get longer term bullish.

 

[Buy1Sell2]

All charts below weekly though still retain their bullish tone. This is a big bounce in a huge bear market.

 

[volente_00]

Quote from saliva:

Who sez a gap MUST be closed? And if it were filled after 38 days, then what? Does that mean that we will now reverse or does it mean the new trend (viz. bull market) is firmly established?

Many years ago I pissed away close to 6 figures mainly losing the majority by ignoring gaps. The probability is not on your side to ignore them.