ES Journal Archive (2009 - 2010)

Status
Not open for further replies.
Quote from smilingsynic:

Today's effort to take price down below 800, which is support, failed. Selling was met with buying, and price closed within the previous range.

846 by the end of the week. Not a Joe Namath "guarantee"--hardened belief is for zealots, not for traders.

That should mark the end of the current move up. Ultimately, by July 4 weekend, the ES should move over 900 to a point where the unchanged level for the year will be reached.

1000 SPX would represent EXACTLY a 50% bounce off of the bottom. That should serve as rock hard resistance.

Vertigo, Brutus, and Lawrence, I'll explain in another message why 846.
More...

Hum...too much optimism out there....

http://www.indexindicators.com/charts/sp500-vs-put-call-ratio-equity-20d-sma-params-3y-x-x/
 
Something about today's tape doesn't sit right with me. It makes no sense.. That was someone protecting something.. but why? Why way up here?

It's time to buy some vola.
 
Quote from smilingsynic:

Today's effort to take price down below 800, which is support, failed. Selling was met with buying, and price closed within the previous range.

846 by the end of the week. Not a Joe Namath "guarantee"--hardened belief is for zealots, not for traders.

That should mark the end of the current move up. Ultimately, by July 4 weekend, the ES should move over 900 to a point where the unchanged level for the year will be reached.

1000 SPX would represent EXACTLY a 50% bounce off of the bottom. That should serve as rock hard resistance.

Vertigo, Brutus, and Lawrence, I'll explain in another message why 846.
More...



Guess 1


Because it represents the same % move as the previous bear market rally from 740 to 940



Guess 2

http://finance.yahoo.com/q?s=SZCDG.X
 
... my system shows that there is an approximate 99% chance the market will go up or down tomorrow....
..... having said that.... many trading careers ended following this system.....
.... porge is b1s2.....
 
Quote from JSSPMK:

Saliva: After 20 years you ought to have learnt to trust your system, acting upon an impulse is a killer...as you know anyhow, I am sure you will get it all back & more mate :)
More...
For the last two weeks, I have been experimenting in the hopes of fine-tuning the momentum aspect of PMT. Basically, I was trading solely based on the momentum of individual candlesticks without paying any attention to price. You might have guessed from my trades that both entries and exits were somewhat sporadic. Although I had a few good days, I would crash and burn on a day like today.
 
Quote from saliva:

For the last two weeks, I have been experimenting in the hopes of fine-tuning the momentum aspect of PMT.
More...

Histogram on 1 min chart...wicked! Shows momo build up nicely.
 
Status
Not open for further replies.
Back
Top