ES Journal Archive (2009 - 2010)

[trackstar]

Quote from saliva:

The downside does outweigh the upside, but where the hell is the selling momentum??

On your daily do you see 854 as a significant area?

Its poppin out to me like a needle in my eye.

 

[vertigo3]

tommy,
what length bars are you using to see a wedge?

 

[saliva]

All we need is a slight nudge to the downside for the selloff to materialize. So far, that hasn't materialized.

 

[tommymoose]

Quote from vertigo3:

tommy,
what length bars are you using to see a wedge?

Not the highest rated wedge ever, but the general idea that the selloffs became smaller while still overlapping the previous is there. Some divergence on a couple different timeframes helps too.

 

[Brendan R]

short 826
news absorbed

 

[Pekelo]

Quote from ammo:

sh 17.25,add20, add 21.25,add 22.75

The chance of having 2 failed ADUs in a row is well, not too high....

 

[ammo]

misssed 26 sh,watching djt for a top here and the upside in spx is 832,if we get there the flood gates should open, djt cracked 30 minutes ago, rerallied and now again,edit add 25

 

[saliva]

Quote from Brendan R:

short 826
news absorbed

Good luck. I ain't a fan of this rally either, but I don't see any bears showing up to the party. Only bulls.

 

[saliva]

Quote from ammo:

misssed 26 sh,watching djt for a top here and the upside in spx is 832,if we get there the flood gates should open, djt cracked 30 minutes ago, rerallied and now again

There may indeed be a pullback but my feeling is that the bulls will try to shoot for the moon, which beckons at 870. Climbing up to 835 alone is (or should be seen as) a danger sign for the bears and that's a mouthful from this permabear.

 

[lurefo]

NQ now only 10 points from yearly high. I wouldn't short that market until it goes there or some huge selling pressure comes in.